New York City’s $15 Minimum Wage Is Now Officially a Disaster
People fought for it. Politicians delivered it. Now the reality.
(From The National Interest)
Roughly 77 percent of NYC restaurants have slashed employee hours. Thirty-six percent said they had to layoff employees and 90 percent had to increase prices following the minimum wage hike, according to a NYC Hospitality Alliance survey taken just one month after the bill took effect.