THE PUNCHING BAG 01/22/2019 NYC RESTAURANTS CUT STAFFS AFTER MINIMUM WAGE HIKE!

Restaurants in NYC Forced to Cut Staff After Min. Wage Hike

by Alice Green

New York City was among several jurisdictions to start the New Year with a minimum wage hike. Now, some of the workers who campaigned for the increase are out of a job. Starting December 31st, the minimum wage in some areas of New York City increased from $13 to the coveted $15. Sponsored Ad It was the third hike since 2016, when the minimum wage jumped to $11 an hour. The new policy, which applies to restaurants with at least 11 employees, has been particularly difficult for businesses who depend on tips to supplement lower wages. According to reports, 75% of restaurants in the area are planning to reduce employee hours. Nearly 80% will increase menu prices and 47% will cut jobs. "We lost control of our largest controllable expense," explains Jon Bloostein, who owns...More

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