{"id":124710,"date":"2026-03-18T18:00:18","date_gmt":"2026-03-18T22:00:18","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/business-owner-says-we-dont-have-money-as-nyc-officials-propose-minimum-wage-hike-report-124710"},"modified":"2026-03-18T18:00:18","modified_gmt":"2026-03-18T22:00:18","slug":"business-owner-says-we-dont-have-money-as-nyc-officials-propose-minimum-wage-hike-report","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/business-owner-says-we-dont-have-money-as-nyc-officials-propose-minimum-wage-hike-report-124710","title":{"rendered":"Business owner says ‘we don\u2019t have money’ as NYC officials propose minimum wage hike: report"},"content":{"rendered":"
\n

Business owners warned of dire consequences if New York City officials pass a $30 minimum wage hike in comments to the Wall Street Journal<\/a>.<\/p>\n

The city council in New York City<\/a> may boost the minimum wage up to $30 and Mayor Zohran Mamdani signaled on the campaign trail that he could make it a reality.<\/p>\n

“As much as I would like to pay $30, we don\u2019t have money,” Moe Chan, who has a coffee and tea company in Queens, told the Journal.<\/p>\n

NYC $30 MINIMUM WAGE PROPOSAL PUSHED BY MAMDANI WOULD ‘OBLITERATE’ CERTAIN INDUSTRIES: EXPERT WARNS<\/strong><\/a><\/p>\n

“We feel like we\u2019re at a tipping point with consumers,” said Melissa Fleischut, president of the New York State Restaurant Association.<\/p>\n

The mandate was a campaign pledge from\u00a0Mamdani<\/u><\/a>, who promoted a “$30 by \u201830” minimum wage message.\u00a0<\/p>\n

“When working people have more money in their pocket, the overall economy thrives,”\u00a0Mamdani said<\/a> last year. “Right now, if you are earning a minimum wage in the city, you simply cannot afford to continue calling it your home. We have to change that.”\u00a0<\/p>\n

Mamdani\u2019s proposal would reportedly follow Los Angeles’ model with an incremental increase to $30 in 2030, a local New York outlet reported<\/a>.<\/p>\n

Business owners on the West Coast shared similar sentiments, but some are actually having to deal with the mandate after local officials passed the law.<\/p>\n

‘UTTERLY UNAFFORDABLE’: STUDY REVEALS HOW DEEP BLUE CITY’S MINIMUM WAGE LAW IS RAVAGING KEY INDUSTRY<\/strong><\/a><\/p>\n

A phased-in minimum wage hike in\u00a0Los Angeles<\/u><\/a> that will mandate up to $30 per hour for airport and hotel workers was signed into law last year by Mayor Karen Bass. It mandates that their hourly wage must be raised by $2.50 each year until they reach $30 in 2028.\u00a0<\/p>\n

The Hotel Association of Los Angeles (HALA) recently commissioned a study<\/u><\/a> that found hotels have eliminated or expect to eliminate 6% of positions, roughly 650 jobs, since the Hotel Worker Minimum Wage Ordinance took effect in September.<\/p>\n

As business owners in New York<\/a> brace for a similar fate as those in Los Angeles, Sean Hayden, who owns five restaurants that employ over 200 people, said the dream of opening a restaurant in the city wouldn\u2019t be possible for aspiring restaurant owners, and he would have to cut staff under the wage hike.<\/p>\n

EATING OUT GETTING MORE EXPENSIVE AS AMERICANS HIT ‘MENU PRICE FATIGUE’ NATIONWIDE<\/u><\/strong><\/a><\/p>\n

\u200b\u200b”It\u2019s just going to get to the stage where a chef or a waitress or a bartender who has a dream of opening a restaurant \u2014 it\u2019s just not possible,” Hayden told the Wall Street Journal.<\/p>\n

Hayden said the minimum wage should be $20 to $25 an hour. If the mandate goes anything beyond that, he would have to lay off a “dozen” servers\u00a0while installing QR codes for diners to order on their phones.\u00a0<\/p>\n

“You\u2019re taking the whole dining, hospitality aspect of it out,” he told the Journal.<\/p>\n

Mamdani’s office did not respond to Fox News Digital<\/a>‘s request for comment.<\/p>\n<\/div>\n

Source – https:\/\/www.foxnews.com\/media\/business-owner-says-we-dont-have-money-nyc-proposes-minimum-wage-hike-report <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Business owners warned of dire consequences if New York City officials pass a $30 minimum wage hike in comments to the Wall Street Journal. 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