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.
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
|
|
No comments:
Post a Comment