The discussion had been going for a very long while now as the Democrats in the USA are crazy after the idea of raising the minimum wage in the city to $15 an hour.
While it may look attractive but the system model has not been successful in any city before.
The model has already been tried and tested before in several developed cities but he reset has been the same in all. The model has caused job losses every time it has been brought into the act.
After the model was put in the act in New York City, New York City Hospitality Alliance conducted an online survey on the same model for the people working in restaurants. The result of the survey said that rather than helping the employees with benefits, it has hurt them.
A report in New York Post last week said that there has been a major job loss scenario due to the new model in the city. NYCHA’s executive director, Andrew Rigie said that the total job loss percentage recorded this year was 1.6% and then some are higher than the stats of the last two decades.
The survey also found out that to deal with the new policy of the city that came into practice on 31 December 2018, restaurants are eliminating jobs and to meet the raised wage, they are also increasing the prices of their food.
Further on, restaurants said that they will further decrease the number of working hours for the employees and will cut down the jobs as well.
Out of the respondents of the survey, 76.5 of restaurants reduced the working hours of the employees. And about 36% of them decreased their employees in the year.
So now you know why the idea of implementing this model is not great. There are several studies that state the model is adverse for the employment opportunities on an average for the people.
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