Seattle to boost wage floor to $15 per hour

|By:, SA News Editor

The city council in Seattle approves an increase in the minimum wage to $15 per hour.

Mayor Ed Murray is expected to sign the measure into law today.

The pay floor will be implemented over several years with the specific time-frame depending upon the size of a business.

Fast-food restaurant chains (MCD, BKW, WEN, JACK, YUM, SONC, PLKI) are expected to feel the biggest pinch from higher minimum wage levels.