New York City restaurant workers saw their pay increase by 20% after a $15 minimum-wage hike, and a new report says business is booming despite warnings that the boost would devastate the city's restaurant industry.
As New York raised the minimum wage to $15 this year from $7.25 in 2013, its restaurant industry outperformed the rest of the US in job growth and expansion, a new study found.
The study, by researchers from the New School and the New York think tank National Employment Law Project, found no negative employment effects of the city increasing its minimum wage to $15.
Restaurant workers in the city saw a pay increase of 20% to 28%, representing the largest hike "for a big group of low-wage workers since the 1960s," James Parrott, a director of economic and fiscal policies at the New School and an author of the study, told
https://www.businessinsider.com/nyc...BCTZ6TMgLN03tVNet39AoSoWzcmg_vI_pp6aspHPyvTxA
As New York raised the minimum wage to $15 this year from $7.25 in 2013, its restaurant industry outperformed the rest of the US in job growth and expansion, a new study found.
The study, by researchers from the New School and the New York think tank National Employment Law Project, found no negative employment effects of the city increasing its minimum wage to $15.
Restaurant workers in the city saw a pay increase of 20% to 28%, representing the largest hike "for a big group of low-wage workers since the 1960s," James Parrott, a director of economic and fiscal policies at the New School and an author of the study, told
https://www.businessinsider.com/nyc...BCTZ6TMgLN03tVNet39AoSoWzcmg_vI_pp6aspHPyvTxA
