A $15 minimum wage is 'daunting'
Seattle just passed a $15 minimum wage bill, and San Francisco will vote on one in November. It's a hot topic among lawmakers around the country, and business owners are concerned.
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I'd replace waitstaff with iPads
- Name: Mike Stygles
- Business: Melting Pot, Burger 21
- Location : Upstate New York
Mike Stygles, 44, owns three Melting Pot restaurants and one Burger 21 franchise.
Stygles said a $15 minimum wage would give him roughly three choices: close some restaurants, cut hours or pass costs on to the consumer. Depending on how an increase was enacted, he might have to do all three at once.
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He is concerned about his ability to properly staff his restaurants, where the the profit margin is usually 10% at most.
Stygles said he might have to consider a new business model that would allow customers to order from iPads at their tables, which is already being done at some restaurants around the country.
- Last updated August 05 2014 05:05 PM ET
