Friday, December 28, 2018

Binghamton business owner on wage hike: 'Unfortunately… we've already raised the prices' - WBNG-TV

BINGHAMTON (WBNG) — While employees may be looking forward to the extra money in their paychecks, employers have some concerns about minimum wage increasing.

Officials from the New York State Department of Labor said minimum wage will increase $.70 on December 31. On that day, those earning minimum wage will start earning $11.10 an hour.

Some employers have concerns because they will be responsible for paying that amount.

“It has been and will continue to be something that employers have to manage moving forward, whether increasing their product prices or finding another cost to slash,” Christian Harris, New York State Department of Labor Regional Labor Market Analyst, said.

This leaves business owners, including Stephen Lupo from Lupo’s S&S Char Pit in Binghamton, in a tough situation.

“Everyone deserves a good wage but I’m not sure if the minimum wage keeps going higher helps the restaurants because they do operate on a very thin margin,” Lupo said.

Increasing minimum wage means customers will have to pay the price.

“Unfortunately, to be honest, we’ve already raised the prices. We hate to do it, but we had to,” Lupo said.

Employees like Emory Davies are not complaining.

I live in Owego so it’s easier to pay for the gas and all that, so it helps with that and I’m able to pay my rent,” Davies told 12 News on Thursday.

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