West Coast restaurant group bankrupt, says ‘profitability has been significantly impacted’ by minimum wage laws

0
Credit: Pixabay



An upscale chain of West Coast restaurants has announced its bankruptcy, along with a statement announcing what Restaurants Unlimited believes is the root cause of its financial demise.

“Over the last three years, the company’s profitability has been significantly impacted by progressive wage laws along the Pacific coast,” a court filing claims, adding that the “result was to increase the company’s annual wage expenses by an aggregate of $10.6 million.”

Some of the cities where the business operates restaurants — Seattle, San Francisco and Portland — are among those with the most abrupt uptick in minimum wages in recent years.