There may be a careful analysis of the effect of a $15 minimum wage on the restaurant industry in New York but this isn’t it. It doesn’t mention whether entry o

There may be a careful analysis of the effect of a $15 minimum wage on the restaurant industry in New York but this isn’t it. It doesn’t mention whether entry of low skilled workers into the industry decreased, the effect of the change on hours worked, substitution away from labour or decreases in non-pecuniary compensation. It could be that every single one of these points to the minimum wage hike having small to non-existent effects but the article reads like a brief, not an analysis. Compared to the Seattle minimum wage study. They had an objective study set up and when they didn’t like the results they got some political hacks to re-analyze the data and release their results beforehand. http://www.seattleweekly.com/news/seattle-is-getting-an-object-lesson-in-weaponized-data/ http://www.seattleweekly.com/news/seattle-is-getting-an-obje... > Two weeks. Two studies on minimum wage. Two very different results. > Last week, a report out of the University of California—Berkeley found “Seattle’s minimum wage ordinance has raised wages for low-paid workers, without negatively affecting employment,” in the words of the Mayor’s Office. That report, produced by the Center on Wage and Employment Dynamics at Berkeley, was picked up far and wide as proof that the doomsday scenarios predicted by skeptics of the plan were failing to materialize. > And while another study that came out Monday from researchers at the University of Washington doesn’t exactly spell doomsday either, it wasn’t exactly rosy. “UW study finds Seattle’s minimum wage is costing jobs,” read the Seattle Times headline Monday morning. The study found that while wages for low-earners rose by 3 percent since the law went into effect, hours for those workers dropped by 9 percent. The average worker making less than $19 an hour in Seattle has seen a total loss of $125 a month since the law went into effect. Edit: RickJWagner points out https://news.ycombinator.com/item?id=21386070 https://news.ycombinator.com/item?id=21386070 > business owners ... say the extra money comes with an unforeseen cost: higher good prices, fewer working hours and layoffs. > “Many people working in the restaurant industry wanted to work overtime hours, but due to the increase, many restaurants have cut back or totally eliminated any overtime work,” Andrew Riggie, executive director of the New York City Hospitality Alliance, told Fox News. “There’s only so much consumers are willing to pay for a burger or a bowl of pasta.” > Roughly 77 percent of NYC restaurants have slashed employee hours. Thirty-six percent said they had to layoff employees and 90 percent had to increase prices following the minimum wage hike, according to a NYC Hospitality Alliance survey taken just one month after the bill took effect. https://nationalinterest.org/blog/buzz/new-york-city’s-15-minimum-wage-now-officially-disaster-71761 https://nationalinterest.org/blog/buzz/new-york-city’s-15-mi...