An increase in Seattle’s minimum wage is being cited as one major factor contributing to the closure of a number of the it’s restaurants. Beginning April 1st, Seattle’s small employers will have seven years to phase in a wage increase to at least $15 per hour for all employees. Large employers with 500 or more employers will have three years to raise their wages.
Seattle Restaurants Closing Their Doors Ahead Of Minimum Wage Increase
This is a great example of enterprise risk.
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