Posted on 08/13/2019 9:00:31 PM PDT by MarvinStinson
As predicted, the $15 minimum wage is forcing city employers to cut staff, shorten or scrap shifts, hike prices, cancel expansion plans and even close locations.
The mandate took effect Jan. 1 for city businesses with 11 or more employees — and will hit even the smallest businesses come Dec. 31.
Employers say they’re struggling to adjust to the whopping wage boost and making major shifts in plans.
Yes, lefty and union-backed economists released a report last week claiming a local restaurant-jobs boom. But the city’s Independent Budget Office put the 2018 drop at 6,000 jobs, or about 3.4 percent.
Recall that the $15 mandate hit even as lawmakers also slapped employers with other burdens, such as paid sick and medical leave. The load just keeps getting heavier.
If pols keep socking businesses with new costs and regulations, what do they think is going to happen?
Susannah Koteen, who owns the Lido Restaurant in Harlem, says she has cut back on shifts and overtime and raises her prices more frequently now. She also gave up on plans to move to a larger site.
Queens Chamber of Commerce president Thomas Grech specifically blames the $15 mandate for a spike in newly closed small businesses. Employers are “cutting their staff. They’re cutting their hours. They’re shutting down,” he says.
City and state lawmakers keep adding new burdens, always claiming owners can absorb the extra hit. Some, for instance, now want to ditch the state’s special, lower minimum wage for tipped workers (already recently pushed up to $10 an hour for food-service employers with more than 10 workers).
Hitting employers also hits their workers and customers — often worse than any “help” from a mandate: $15 an hour isn’t worth much if it also cuts your hours to zero.
(Excerpt) Read more at nypost.com ...
Wow, I'll be that will get any Republican Candidate elected if they started starting using that one. A real vote getter in the red states. /sarcasm
Seniors are buying less, fixing more, aren’t going to the Movies, as they suck of racisim, sexism, and LGBTQ crap. As for eating out it’s strictly now BD’s and Aniversaries to expensive to do other wise.
We are getting Robo calls on student loans in our 70’s. Sorry that 1 hubby had was paid for by 20 yrs as a career Naval service man. Ret. a SCPO. No we don’t need health ins. for a dead wowan or for ourselves, Medicare/Tricare takes care of that. Nor do we need a brace when we go for a injury that just needs some Physio. If we needed a brace the Ortho would have ordered it.
Do you know what the average margin for a restaurant runs?
I don't care. Politically it is huge winner. It doesn't affect me personally so that's that. I learned that here on Free Republic. If an issue doesn't affect you personally then don't care about. Just like H-1B. Nobody gives a sh!t if 300K Indians per year come in and are going to ruin the lives of thousands of US workers. Who cares about them?
This a cut throat world, Republicans taught me that.
I hear you; I’m horrible for a consumer-driven economy. I’m a middle-aged married guy who won’t borrow, I’ll buy second-hand clothing, and TV/movies/entertainment (including sports) don’t interest me very much.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.