Business Insider -New York City restaurant workers saw their pay increase by 20% after a $15 minimum-wage hike, and a new report says business is booming despite warnings that the boost would devastate the city’s restaurant industry. As New York raised the minimum wage to $15 this year from $7.25 in 2013, its restaurant industry outperformed the rest of the US in job growth and expansion, a new study found.
While the city’s restaurant growth is likely a result of the city’s overall strong economy, the report’s findings might suggest that paying workers more won’t immediately lead to job loss or other negative business consequences as previously thought.
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