Impact of Minimum Wage Hike on Small Businesses

SOURCE www.breitbart.com
A small business owner in Seattle had to close her restaurant due to the new minimum wage hike to over $20 per hour, causing financial strain and emotional distress.

Key Points

  • Minimum wage in Seattle increased to over $20 per hour
  • Small business owner had to close her restaurant due to increased labor costs
  • Restaurant closures in Seattle predicted to rise by five to eight percent

Cons

  • Closure of small businesses
  • Financial strain on business owners
  • Emotional distress for business owners