Meet Effect.
New York City restaurants are eliminating jobs, reducing employee hours and raising prices due to the higher costs of the $15-per-hour minimum wage.
A once-growing industry is contracting, according to an online survey conducted by the New York City Hospitality Alliance, an association representing restaurants in the city.
Last year, “full-service restaurants recorded a 1.6 percent job loss, which is the first recorded annual loss in two decades,” said Andrew Rigie, executive director of the trade group.
The survey also said about a third of respondents will eliminate jobs and most will raise prices this year because of the new $15-an-hour law backed by Gov. Andrew Cuomo and other state officials, which took effect on Dec. 31, 2018.
"Business costs?" asks local economic illiterate. "What the hell are business costs?"
The governor, through a spokeswoman, defended state policies: “All New Yorkers deserve to make a living wage and under the governor’s leadership, more minimum-wage workers than ever before have received an increase in their wages. The fact is that increasing the minimum wage puts more money in the pockets of hardworking New Yorkers, which creates more demand for local businesses and increases economic activity.”
6 comments:
Re: "... increasing the minimum wage puts more money in the pockets of hardworking New Yorkers,..."
Except when you have no job it doesn't put any money in your pocket at all.
Morons.
What are they going to do when there aren't enough restaurants to serve New Yorkers who still have jobs? Sue the restaurants they ran out of business?
Quick tip: Should St. Louis, Missouri become the new culinary capital of the United States, since NYC no longer wants the title, avoid the seafood here. It won't taste bad, it just won't taste anywhere near as good as it can, for obvious geographical reasons.
The exception to that rule is catfish. NEVER order Eastern cat.
Y'know, Chris, seafood processed and frozen shortly after catch isn't really a lot different from fresh-caught. If the restaurant is right near the ocean dock, and they pick it up that morning for cooking the same day, maybe it's better. Otherwise, taste differences may very well be related to how it's cooked in various regions. If your rule is never to eat seafood unless you're within ten miles of the beach, then I advise you to just buy iodized salt. And if you come to North Carolina, avoid all those Calabash-style places. Breaded and fried and served with hot sauce. Bleah.
You can get reasonably decent shellfish around here sometimes. Just don't get your heart set on it. Things like crab mostly come in a can and even frozen scallops or crayfish come processed with a lot of stuff you'd rather wasn't there. Again, the taste isn't awful but it could be a lot better.
Not complaining; it is what it is, as the kids say.
The people that push for higher minimum wages never acknowledge that this is just the first step in another round of inflation. Wages go up, the cost of processing or transporting things go up, services cost more, the market adjusts, everything costs more. (Yes, it's probably much more complicated than that, but ...yeah.)
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