2 ms·
If you don't make solid money, you move out of the city because it is too expensive. The minimum wage law is less than 2 years old, and it's possible for Seattl
by anoxor 6y ago
If you don't make solid money, you move out of the city because it is too expensive. The minimum wage law is less than 2 years old, and it's possible for Seattle to continue it's boom momentum despite recently policy. If the policy is bad, it isn't hurting the tech workers, it's hurting the smaller businesses and people who work there. When a burger and beer is $25, people eat out less and businesses have fewer $16 an hour people on staff.
- Retric 6y agoMinimum wage doesn’t increase restaurant prices much. It varies a lot, but ~8 people can handle an average of 50 customers an hour. That’s an extra 90cents per meal assuming their all paid an extra 7.50 an hour. More realistically several of those people where already making more than minimum wage so the impact is even less. Further, rent is based in large part on how profitable the location is. So, land lords end up picking up a chunk of the difference.