New York City hiked its minimum wage for the third time in three years on Jan. 1 and small business owners are struggling to adapt to the steadily increasing labor costs.
NYC Minimum Wage
New York City’s minimum wage rose to $15 an hour for all employers with more than 10 employees at the start of 2019. Small businesses have set about adapting to the increased labor costs by hiking prices, cutting jobs and benefits, and automating more of their operations, The Wall Street Journal reported Monday.
