Progressive left Utopia Seattle raised it’s minimum wage to $15 an hour because most of its voters are selfish and economically illiterate. As of April 1st of this year, a $15 per hour minimum wage that will begin to be phased in over the next 3-6 years depending on the size of the business. However, there are going to be a lot fewer people in the category of “People who have jobs in the city of Seattle” by the time all businesses are subject to the new wage.
Last month—and particularly last week— Seattle foodies were downcast as the blows kept coming: Queen Anne’s Grub closed February 15. Pioneer Square’s Little Uncle shut down February 25. Shanik’s Meeru Dhalwala announced that it will close March 21. Renée Erickson’s Boat Street Café will shutter May 30 after 17 years with her at the helm…What the #*%&$* is going on? A variety of things, probably—and a good chance there is more change to come.
In addition to restaurants closing, hotels are also cutting staff and raising room rates. The full force of the wage requirement is a few years off. Businesses like restaurants with razor thin profit margins are the canaries in this particular economic coal mine.