Posted on 01/16/2019 12:55:45 PM PST by Oldeconomybuyer
The legal minimum wage for New York City employers with 11 or more workers rose more than 15 percent on Dec. 31, 2018, to $15 per hour from $13, giving fast-food, retail and other employees a bump in pay. But some New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers' hours just to stay afloat.
It's the third rise in the city's base wage since Dec. 31, 2016, when it went to $11 an hour. The latest increase is part of a plan that phases in minimum wage hikes across New York state, with amounts and effective dates varying by region and industry.
Jon Bloostein operates six New York City restaurants that employ between 50 and 110 people each. The owner of Heartland Brewery and Houston Hall, Bloostein said the effect of the higher minimum wage on payroll across locations represents "an immense cost" to his business.
"We lost control of our largest controllable expense," he told CBS MoneyWatch. "So in order to live with that and stay in business, we're cutting hours."
A New York City Hospitality Alliance survey of 574 restaurants showed that 75 percent of full-service restaurants reported plans to reduce employee hours this year in response to the latest mandated wage increase. Another 47 percent said they would eliminate jobs in 2019. Eighty-seven percent of respondents also said they would increase menu prices this year.
(Excerpt) Read more at cbsnews.com ...
I’m shocked.
(signed)
Captain Obvious
Unexpected.
********************
LOL! Good one.
——”So in order to live with that and stay in business, we’re cutting hours.”-—
To me that doesn’t make sense. It is in effect saying that to offer the present service, we have more employees than we need. No wonder New York is in such a sad state of affairs
The leftist minimum wage gambit is to force a general rise in prices. If all restraunts raise prices, the competative status quo can be maintained. aving done that, the induced inflation will spread to all business.
At 15.00 an hour I’m done feeling sorry for them. no tip.
And when these businesses are FORCED to raise prices to cover costs, many LESS customers will enter their places. As a result, EMPLOYEES would lose their jobs and those still working will take in LESS money.
When the BILL consumes more and more of the “eating out” budget, the extra money will come out of the TIPS.
See what happened to the restaurant industry and its employees in Seattle. Devastation.
How could this happen? The government promised the workers utopia and wealth.
I remember working as a teenager shelving LPs in a record department. I felt sinfully rich when the minimum wage raised my pay to a whole $1.00 an hour. (Yes, I’m 72 so it was long ago.)
Their plight: 1)Get a whopping $15 an hour to work.
2) no one will hire you.
Can’t DeBlasio confiscate the retail stores and restaurants and then jail the former owners and demand all workers be paid the full hourly wage? Like landlord and apartment buildings? He’s a tough guy, maybe he can do it.
No worries. DeBlasio will just pass a law making it illegal to cut their hours.
It’s all quite simple to them.
Now can “CBS” do a segment of new conservative laws in the US?
And then the mayor seized all the office buildings and turned them into communes....
... but, what the heck, no one’s drinking large sodas, so that’s something.
The minimum wage is always $0.00.
Dear Servers,
Get in line for the sob stories. Government workers are currently hogging all the screen time.
Sincerely,
The MSM
Democrats want more of this.
This would be an excellent opportunity to raise the prices, but put a sign in the window that says, “no tipping”.
Even SeeBS!
Your unexpected is exoected.
Because then he can seize their buildings.
Employees now make $15/hour but there's a slight problem.
They don't have jobs anymore.
Isn't liberalism great?
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