The Riverdale Press has an analysis of the effect of the recent increase of the State’s minimum wage. Specifically, the article takes a look at workers who will benefit and the claims from business owners that they will be hurting and be forced to pass along costs to consumers. They cite raised prices at Dunkin’ Donuts as a prime example.
As of January 1, New York City companies with more than ten employees must pay a $2 hike to $15/hour and businesses with fewer employees are mandated to pay $13.50/hour, a $1.50 raise.
The article includes an interview with the proprietor of the popular Bronx Alehouse bistro and how they plan to deal with the rising wages and potential for increasing prices for consumers, too.