NYC Has Lost 4,000 Jobs in the Restaurant Sector Alone Since Arrival of $15 Minimum Wage

Posted on August 12, 2019 3:53 pm

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By Mark J. Perry

New York City businesses have been struggling with higher labor costs brought about by the new $15 an hour city minimum wage that went into effect at the end of last year for “large employers” of 11 employees or more. That’s the third minimum wage increase in three years, and is an increase of more than 36 percent over the last two years from the $11 an hour minimum wage at the end of 2016, and a whopping increase of 107 percent since 2013 when the minimum wage in New York State (and NYC) were determined