Would a $15 Minimum Wage Destroy HV Restaurants?
Everyone wants more money and I get that but where does the money come from?
There's a good chance that you made minimum wage at your first job. Maybe even your first and second job. Heck, you might have even took a minimum wage job while in between a career shift. I made roughly $8 when I worked at McDonald's. The salary is life changing but it is not always supposed to be. I never in my wildest dreams thought I deserved almost as much per hour as with someone with a skilled trade.
As part of new legislation, New York will slowly be implementing a $15 minimum wage. This will hit certain regions of New York. Jobs in the city has been paying their employees $15 an hour for a while now and it doesn't seem to be going well for certain businesses.
Would the average restaurant in the Hudson Valley be able to comfortably compensate employees at $15? According to the New York Post, several restaurants could be shutting their doors because of the new legislation.
According to NY.gov, the current minimum wage is $11.10 and hour. That's quite a hike for a small business.
Yes, a business could pay their employees the wage but where will that money come from? Will they have to raise their prices? Would customers drop off?
If the $15 minimum wage hit the Hudson Valley would we see more local stores shut down?
Listen to the WRRV Morning Grind With Brandi and Nick weekday mornings from 6AM to 10AM through your WRRV app. Connect with WRRV on Facebook, Instagram and Twitter.
- Two Hollywood Actors Co-Own Hudson Valley Candy Shop
- Top 10 Hudson Valley Celebrities
- Study Claims New York Women Are the Meanest
- Hudson Valley Town Named One of America’s Coolest Small Towns
- Where Is Oniontown and Why Is It So Dangerous?
- New York Lake Named Most Beautiful in America