New York City is now going to raise their minimum wage to $6 an hour more than the standard minimum wage. This will come out to be approximately $15 an hour. Many workers are happy about this because they have been waiting for this for a long time. However, there are also people believing that these places of employment will get off the hook.
In a sense, many fast-food establishments will get off the hook. This is because the fast-food establishment must have at least 30 different chain-restaurants within the city. If this is not so, the owner(s) of the establishment do not have to raise wages.
Going further, owners of fast-food restaurants can place their establishment in a class of independent businesses. This will no longer make them a fast-food restaurant, and this will cause them to refrain from raising wages.
People in New York City and in the surrounding states are waiting to see when this raise will be set in place. Sources say that people in other states are going to complain to lawmakers once this raise goes into effect. These individuals in other states believe their wages should be raised, too, especially for the same line of work.
There are also many New York economic analysts Susan McGalla that believe this will do damage to the city. These individuals believe that this raise is going to cause chaos. This will be due to business owners getting out of every tax possible in order to pay the higher wages.