The $15 minimum wage is destined to hurt Washington, D.C.

Life will soon get even more expensive for the residents of Washington, D.C.

On Tuesday, the D.C. City Council unanimously agreed to increase the District’s minimum wage to $15 an hour. Under the agreement, the minimum wage, which is currently $10.50 per hour, is scheduled to rise to $11.50 by July 1 and $15 by 2020. The minimum wage for tipped workers, currently at $2.77 an hour, will grow to $5 per hour by 2020 as well. In the years following, annual increases will be automatic and will be tied to inflation.