re: NY restaurants raising prices to cover minimum wage increase

In 2013 it was $7.25, then increased to:

12-31-2013 - $8.00
12-31-2014 - $8.75
12-31-2015 - $9.00
12-31-2016 - $11.00 ($10.50 if 10 or fewer employees)
12-31-2017 - $13.00 ($12.00 if 10 or fewer employees)
12-31-2018 - $15.00 ($13.00 if 10 or fewer employees)
12-31-2019 - $15.00 for all NYC employers

So they basically raised the minimum wage by 67% over 3 years and thought small businesses with 10-20 employees were just going to be able to absorb that kind of increased payroll cost without charging more

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so the min wage was already $13-13.50 and went to $15 and these places raised prices? How long was it $13 and where did it go up from there, and were prices raised at that point or what?

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MoneyShaker

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does not check out.

It truly is simple..... like, middle school level. If the cost of labor goes up, what can happen?

A} Business makes less profit
B} Business increases cost of goods and makes same profit.
C} Liberal Utopia - business loses money for the betterment of the world.
D} A or B, but not C, because liberals are fricking retarded.