Warehouse district “geek” bar Byte is closing next week after eight months in business.
And while restaurants and bars come and go fast, Byte had one feature that drew especial attention; they built their business model around a $15/hour minimum wage from the ground up.
And kudos to a company who does what they think is the right thing. More power to ’em.
Problem is, they needed that “more power” more than they thought:
“While we have enjoyed a steady and loyal customer base, we’ve also struggled with getting the volume necessary to make our business model fiscally viable in this location,” the post said… [Co-founder Travis] Shaw told the Business Journal in Decemberthat the inspiration for Byte sprouted from their frustration of a majority of restaurant employees not being able to earn a livable wage. Byte hired around a dozen employees, each one making $15 an hour with benefits, plus vacation time.
“This was what motivated us to start out on our own,” Shaw said. “I’m passionate about food, but more passionate about the system and a business that can sustain its workers.”
Well, I guess your workers are going to have to “sustain” themselves, now, aren’t they?