Capstones
Graduation Date
Fall 12-14-2018
Grading Professor
Greg David
Subject Concentration
Business & Economics
Degree Name
Master of Arts (MA)
Abstract
This project examines the impact of minimum wage increases across major industries in New York City and State and concludes they have been manageable and even fueled broader economic growth. Since the incremental wage hikes were first signed into law in 2015, data and anecdotal evidence has shown business owners have been able to make it work and many of critics' concerns that the higher labor costs would lead to disemployment have been misplaced. The story provides an in-depth analysis of how restaurant and food establishments, health care and retail employers have adapted to higher labor costs by innovating their business practices.
Recommended Citation
Semenova, Alexandra and Paget, Sharif, "ADAPTING TO $15: As the Minimum Wage Approaches $15 in NYC, Business Owners Are Finding Ways to Make it Work" (2018). CUNY Academic Works.
https://academicworks.cuny.edu/gj_etds/304
Included in
Entrepreneurial and Small Business Operations Commons, Health Law and Policy Commons, Labor and Employment Law Commons, Labor Relations Commons, Law and Economics Commons, Other Business Commons, Sales and Merchandising Commons, Technology and Innovation Commons