Nicole Hallett is an associate professor of law at the University at Buffalo, The State University of New York. Hallett says that critics of a minimum wage increase in restaurants said it would result in widespread layoffs and closures. But in New York, where the minimum wage was increased to $15 an hour, the restaurant industry is booming. Revenue and employment are up, because restaurants don't have to raise prices too substantially to pay minimum wage.
Nicole Hallett is an associate professor of law at the University at Buffalo, The State University of New York. Hallett says that critics of a minimum wage increase in restaurants said it would result in widespread layoffs and closures. But in New York, where the minimum wage was increased to $15 an hour, the restaurant industry is booming. Revenue and employment are up, because restaurants don't have to raise prices too substantially to pay minimum wage.
ConversationUS “A good economy means that everyone benefits” should have been the title of this article