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Seattle's Minimum Wage Reaches $20.76, Sparking Business Closures and Debate

share-iconSaturday, January 04 comment-icon2 weeks ago 6 views
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newsweekNEWSWEEK
Seattle's Minimum Wage Reaches $20.76, Sparking Business Closures and Debate

Credited from: NEWSWEEK

  • The Bebop Waffle Shop in West Seattle closed just days after the city's new minimum wage of $20.76 went into effect.
  • This law, one of the highest in the nation, replaces tiered wages and tip credits, imposing uniform pay across all businesses.
  • Small business owners argue that this change substantially increases operational costs, jeopardizing their sustainability.
  • While some project a 5 to 8 percent increase in restaurant closures, others believe the actual impact may be less severe.
  • Supporters advocate that the wage increase is necessary for economic justice, asserting it will help families cope with rising living costs.

For further details, visit the full article at Newsweek.

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