rockin'robin
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In June 2014, the Seattle City Council unanimously adopted a $15 per hour minimum wage ordinance. Under Seattle’s $15 minimum wage plan, small businesses—categorized as fewer than 500 employees—have seven years to implement the new minimum wage. Big businesses have a phase-in period of up to three years.
In November 2014, San Francisco voters followed Seattle’s led and passed a $15 minimum wage ballot measure. San Francisco’s new law will increase the city’s current minimum wage of $10.74 to $11.05 by January 1, then to $12.25 in May. From there, the city’s minimum wage is set to increase every year until it reaches $15 per hour by 2018. The yearly increase will be based on inflation in the Bay Area.
Both cities have yet to fully implement the $15 minimum wage, yet both cities have already suffered the first casualties of the new wage.
Cascade Designs, an outdoor recreational gear manufacturing company based in Seattle, announced it is moving 100 jobs (20% of the workforce) later this year to a new plant it is leasing near Reno, Nevada. The company has offered some employees positions in Reno, but others must reapply.
Founder John Burroughs and Vice Chair David Burroughs blamed Seattle’s new $15 minimum wage, indicating it “nudged them into action.” According to the owners, Seattle’s new minimum wage would “eventually add up to a few million dollars a year.”
Small business owners in San Francisco have had similar re-actions. Last week, Borderlands Books, a locally owned bookstore, announced that it would close shop by March 31. After 18 years, the small business owner said voters’ approval of a $15 minimum wage was the “straw that will finally break his small company’s back.”
The Borderlands Books owner chose not to prolong the inevitable and close shop before the $15 minimum takes effect in order to save money. The incremental wage increase associated with San Francisco’s new law would only force the bookstore to spend cash assets as it becomes less and less profitable.
The San Francisco Eater, a local publication following the city’s restaurant scene, predicts that the impact of the $15 minimum will likely lead many restaurants to close their doors this year. Abbot’s Cellar and Luna Park, popular locally owned restaurants, already made the decision to shut down. The owners both blamed the $15 minimum wage.
http://buzzpo.com/15-min-wage-seatt...acebook.com&utm_campaign=positivelyrepublican
In November 2014, San Francisco voters followed Seattle’s led and passed a $15 minimum wage ballot measure. San Francisco’s new law will increase the city’s current minimum wage of $10.74 to $11.05 by January 1, then to $12.25 in May. From there, the city’s minimum wage is set to increase every year until it reaches $15 per hour by 2018. The yearly increase will be based on inflation in the Bay Area.
Both cities have yet to fully implement the $15 minimum wage, yet both cities have already suffered the first casualties of the new wage.
Cascade Designs, an outdoor recreational gear manufacturing company based in Seattle, announced it is moving 100 jobs (20% of the workforce) later this year to a new plant it is leasing near Reno, Nevada. The company has offered some employees positions in Reno, but others must reapply.
Founder John Burroughs and Vice Chair David Burroughs blamed Seattle’s new $15 minimum wage, indicating it “nudged them into action.” According to the owners, Seattle’s new minimum wage would “eventually add up to a few million dollars a year.”
Small business owners in San Francisco have had similar re-actions. Last week, Borderlands Books, a locally owned bookstore, announced that it would close shop by March 31. After 18 years, the small business owner said voters’ approval of a $15 minimum wage was the “straw that will finally break his small company’s back.”
The Borderlands Books owner chose not to prolong the inevitable and close shop before the $15 minimum takes effect in order to save money. The incremental wage increase associated with San Francisco’s new law would only force the bookstore to spend cash assets as it becomes less and less profitable.
The San Francisco Eater, a local publication following the city’s restaurant scene, predicts that the impact of the $15 minimum will likely lead many restaurants to close their doors this year. Abbot’s Cellar and Luna Park, popular locally owned restaurants, already made the decision to shut down. The owners both blamed the $15 minimum wage.
http://buzzpo.com/15-min-wage-seatt...acebook.com&utm_campaign=positivelyrepublican
