The low wage economy

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Critics would have you believe that upping the minimum wage in restaurants will lead to massive layoffs and closures. But since raising the minimum wage to $15 per hour nearly a year ago, the restaurant industry in New York City has thrived. I’m a professor with a focus on labor and employment law. My research on the minimum wage suggests a few reasons why this might be true.

The $15 minimum wage was supposed to hurt New York City restaurants — but both revenue and employment are up - MarketWatch