NYC business owners warn against proposed $30 minimum wage hike backed by mayor
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Business owners warned of dire consequences if New York City officials pass a $30 minimum wage hike in their comments on the legislation. Wall Street Magazine.
New York City’s city council could raise the minimum wage by up to $30, and Mayor Zohran Mamdani signaled during the campaign that he could make that a reality.
“Even though I wanted to pay $30, we don’t have the money,” Moe Chan, who owns a coffee and tea company in Queens, told the Journal.
$30 MINIMUM WAGE PROPOSAL BY MAMDANI IN NEW YORK WILL ‘DESTROY’ SOME INDUSTRIES: EXPERT WARNINGS
Business owners who spoke to the Wall Street Journal warned of dire consequences if New York City officials pass a $30 increase in the minimum wage. (Gary Hershorn/Getty Images)
“We feel like we’re at an inflection point for consumers,” said Melissa Fleischut, president of the New York State Restaurant Association.
The mission was a campaign promise mamdaniSupporting the “$30 by 30” minimum wage message.
“The overall economy improves when employees have more money in their pockets.” Mamdani said last year. “If you’re currently earning minimum wage in the city, you can’t continue to call this home. We have to change that.”
Mamdani’s offering would reportedly follow the Los Angeles model, with a gradual increase to $30 by 2030, a local New York outlet said. reported.
Business owners on the West Side shared similar sentiments, but some had to grapple with the task after local officials passed the law.
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New York City Mayor Zohran Mamdani. (Seth Wenig/AP Photo)
Gradual increase in minimum wage Los Angeles The law mandating up to $30 per hour for airport and hotel workers was signed by Mayor Karen Bass last year. The law requires hourly wages to increase by $2.50 each year until it reaches $30 in 2028.
The Hotel Association of Los Angeles (HALA) recently made a study It found that since the Hotel Employees Minimum Wage Regulation came into force in September, hotels have eliminated or expect to eliminate 6% of positions, or about 650 jobs.
While business owners in New York are preparing for a similar fate to those in Los Angeles, Sean Hayden, owner of five restaurants employing more than 200 people, said that the dream of opening a restaurant in the city will not be possible for would-be restaurant owners and that he will have to lay off his staff due to the salary increase.
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“It’s going to get to the point where it’s not possible for a chef, waiter or bartender who dreams of opening a restaurant,” Hayden told the Wall Street Journal.
Sean Hayden, the owner of five restaurants in NYC that employ more than 200 people, said that the dream of opening a restaurant in the city will not be possible for people who want to own a restaurant. (iStock)
Hayden said the minimum wage should be between $20 and $25 an hour. If the order goes beyond that, the restaurant will have to shut down a “dozen” servers while it uploads QR codes for customers to place orders on their phones.
“You take away the whole dining and hospitality element,” he told the Journal.
Mamdani’s office did not respond to Fox News Digital’s request for comment.
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