Pay bump really a bit of a burden

Monday, December 31, 2018
 | 
Chris Woodward (OneNewsNow.com)

$15 an hour protestersBeginning today, the lowest-paid workers in New York state are getting a bump in pay. But not everyone sees positives.

"It's a complicated schedule, but the short story is if you're working for a large employer within New York City, you'll be making $15," explains Nicole Gelinas of the Manhattan Institute.

That is an increase of $2 an hour.

"If you're working outside of the city or you're working for a small employer, you'll get a little bit less, in some cases a lot less -- $11 in the rest of the state," she continues.

For workers struggling to make ends meet, this is a cause for celebration, but even the Associated Press reports that it is a burden for some business owners as they try to figure out how to cope with higher labor costs.

Gelinas

"I don't think that's a stretch at all," says Gelinas. "These jobs tend to be in the retail sector and the leisure and hospitality sector where margins are very tight, and there was a big article in The New York Times about the restaurant industry and how it's very, very hard for these restaurant owners to make ends meet."

And while many apartments in New York City are protected by rent regulations, others are not, meaning the cost of housing could easily go up for someone ringing in the New Year with higher wages.

"If you aren't protected by rent regulation, if you rent a small apartment from a small landlord, or if you're in public housing, this does mean a little bit more money will probably go to the property owner," Gelinas notes.

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