Posted on 01/31/2019 7:08:03 AM PST by lowbridge
The result of the Fight for 15 movement in New York City has finally gone into effect. The minimum wage jumped by 15% in many cases, to $15 per hour this month. This mostly affects employers of lower skill level workers, particularly in the food service and beverage industries. And now that labor costs have risen, restaurants from fast food joints to upper-end fine dining establishments have raised their prices. As a result, some people have had to make adjustments in their budgets and lifestyles, going out to eat less often and bringing their own lunches to work.
As you might imagine, that’s not only been annoying for the customers. It’s impacting the restaurant business as well. (NY Post)
New York City’s hotly contested minimum wage increase to $15 — up from $13 or $13.50, depending on employer size — rolled out citywide at the start of the year. And although that’s good news for NYC restaurant servers, patrons are grumbling about its impact on menu prices at their favorite eateries.
Ahead of the wage hike, the NYC Hospitality Alliance conducted a survey of 574 local food establishments in late 2018. They found that 87 percent of respondents planned to increase menu prices this year to offset the minimum wage bump. True to their promise, the cost of food has risen at various spots around the city.
(Excerpt) Read more at hotair.com ...
Use your head...big bonuses are tied to revenue and profit achievement.
The new minimum wage is not tied to profit improvement...it’s 100% pure legislation.
Reality like gravity is a bitch!
Being laid off is really good news!...................
As wage goes up, tips go down...................
GREAT news! Now they have time to write poetry, paint watercolors and so forth. Where have I heard that before???
There is a perfect correlation of forced wage increase and the cycle of unemployment:
1) forced wage increase,
2) price increase,
3) reduced customers,
4) layoffs/reduced hours,
and then
5) libtards blaming private enterprise.
the inevitable result of letting politicians who are only used to spending “ other peoples money” on programs that “ feel nice” but have the list of adverse effects you detail so well...
Not being familiar with the geography of NYC, can’t the customers go across the river and eat in New Jersey or outside the city limits? Or was this a state-wide law?...............
By this logic nobody should ever get a raise and wages should stay fixed. Did I wake up in the USSR today?
No.
Bonuses are calculated AFTER-THE-FACT, not before..........................
Or what coupons come in the mail...................
Are their no true bolsheviks left in NYC? Just freeze the food prices at earlier levels.
Yes, but does executive compensation impact prices?
Why would they?
Wait till you see all the jobs this kills. A pizza shop near me is going out of business and I don’t blame him. If he’s paying just one guy $15 an hour, he has to sell around 2 to 3 slices an hour JUST to pay him. Then he has to pay rent, insurance, pay for the materials, plates, napkins, food, the dough, the cheese and on top of that he got a family to support, that’s impossible unless he’s selling one pie after another which ain’t happening. Once again the Rats show their true agenda which is to make people unemployed and 100% dependent on the government.
Herodes advised you to use your head. You seem to be challenged by that.
Did you get your education with AOC?
Unexpected.
Another reason not to go to NYC.
The NJ Legislature is expected to pass a $15 minimum wage bill on Thursday, and Gov. Phil Murphy is likely to sign it soon thereafter.
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