- 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.
at CNBC.com (Nov 18, 2014)