After Minimum Wage Increase, NYC Restaurants Are Still ‘Thriving’

Many people predicted New York’s restaurant industry would suffer a huge blow following the city’s decision to raise its minimum wage to $15 an hour.

But a new report by the National Employment Law Project and the New School’s Center for New York City Affairs tells a different story — rather than struggle, the food industry in the city is thriving.

“New York City has seen a strong economic expansion of the restaurant industry, outpacing national growth in employment, annual wages, and the number of both limited- and full-service restaurant establishments,” the report said.

As our partner organization ROC-NY noted in a recent newsletter, every measure charted in the report — jobs, number of restaurants, average wages — exceeded national performance over the past 5 years.

“The research presented here clearly shows that the large wage
floor rise did not diminish various indicators of restaurant performance,” the report’s Executive Summary concludes.

Read the whole report here.