Facts don't care about your feelings, and the laws of economics are almost as immutable as the law of gravity:
New York City restaurants are eliminating jobs, reducing employee hours and raising prices due to the higher costs of the $15/hour minimum wage.The best way to automate lower-wage people out of a job is to make their labor too expensive.
A once-growing industry is contracting, according to an online survey conducted by the New York City Hospitality Alliance, an association representing restaurants in the city.
Last year, “full-service restaurants recorded a 1.6 percent job loss, which is the first recorded annual loss in two decades,” said Andrew Rigie, executive director of the trade group.
The survey also said about a third of respondents will eliminate jobs and most will raise prices this year because of the new $15-an-hour law backed by Gov. Cuomo and other state officials, which took effect on Dec. 31, 2018.
A total of 76.5 percent of full-service restaurant respondents reduced employee hours, and 36 percent eliminated jobs in 2018, the survey said.