{"id":167884,"date":"2026-03-19T01:12:14","date_gmt":"2026-03-19T01:12:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/167884\/"},"modified":"2026-03-19T01:12:14","modified_gmt":"2026-03-19T01:12:14","slug":"business-owner-says-we-dont-have-money-as-nyc-officials-propose-minimum-wage-hike-report","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/167884\/","title":{"rendered":"Business owner says ‘we don\u2019t have money’ as NYC officials propose minimum wage hike: report"},"content":{"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<\/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<\/a><\/p>\n

\"New<\/p>\n

Business owners warn of dire consequences if New York City officials pass a $30 minimum wage hike, business owners told the Wall Street Journal.<\/p>\n

(Getty Images)<\/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<\/a>, who promoted a “$30 by \u201830” minimum wage message.<\/p>\n

Read On The Fox News App<\/a><\/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.”<\/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<\/a><\/p>\n

\"NYC<\/p>\n

New York City Mayor Zohran Mamdani.<\/p>\n

A phased-in minimum wage hike in\u00a0Los Angeles<\/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.<\/p>\n

The Hotel Association of Los Angeles (HALA) recently commissioned a study<\/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<\/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

\"Eating<\/p>\n

Sean Hayden, who owns five restaurants that employ over 200 people in NYC, said the dream of opening a restaurant in the city wouldn\u2019t be possible for aspiring restaurant owners.<\/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.<\/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

Click Here To Download The Fox News App<\/a><\/p>\n

Original article source: Business owner says ‘we don\u2019t have money’ as NYC officials propose 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…\n","protected":false},"author":2,"featured_media":167885,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[35083,12545,9,24,56,63,65,64,4802,82],"class_list":["post-167884","post","type-post","status-publish","format-standard","has-post-thumbnail","category-new-york-city","tag-business-owners","tag-minimum-wage","tag-new-york","tag-new-york-city","tag-ny","tag-nyc","tag-nyc-headlines","tag-nyc-news","tag-wall-street-journal","tag-zohran-mamdani"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/167884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=167884"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/167884\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/167885"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=167884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=167884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=167884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}