Restaurant industry watches minimum wage battle in Seattle

|By:, SA News Editor

The restaurant industry is watching with interest a late push by waiters and bartenders in Seattle to drum up support against a proposed $15-per-hour minimum wage law in the state.

The group fears a minimum wage law hike will significantly lower the level of tips servers receive from customers.

The big picture: The potential for minimum wage increases - either on a federal level or state by state - has been a hot topic in dissecting restaurant stocks. Some analysts see a significant bottom line pinch as companies have a difficult time passing on the extra costs to consumers in the form of higher prices.

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