Last December, the final phase of increasing the minimum wage in New York City to $15 per hour went into effect. (Well, at least the last stage for now.) It was considered a huge victory for the Fight for 15 crowd and, presumably, a big win for workers, particularly in the foodservice industry. So how has that been working out since then? As the New York Post reported this weekend, the law of unintended consequences has come roaring into play. They feature the story of one taco and tequila joint on the upper west side that’s been doing a thriving business for a quarter of a century. But now it’s all coming to an end, and they’re far from the only restaurant feeling these effects.Unintended, but entirely predictable consequences.
San Francisco is known as a haven for good food, but restaurants in the city are increasingly finding it hard to stay open...I'm sure those aren't the only cities.
"The way people order food, you know online, put a lot of price pressures on us," Mitra explained, "So they took our margins away, so we are giving up 25-30 percent of our prices to the delivery companies."
On top of that, he said, the high cost of living, along with employee benefit requirements by the City, has led to increased business costs.