Capstones

Graduation Date

Fall 12-14-2018

First Advisor

Greg David

Second Advisor

Susan Farkas

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.

https://nyminimumwageadaptation.exposure.co/adapting-to-15

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