– The New York Times
Dense cities have long promised higher wages, but now that is primarily true for workers with more education, a new analysis finds.
– CBS News
The legal minimum wage for New York City employers with 11 or more workers rose more than 15 percent on Dec. 31, 2018, to $15/hr from $13, giving fast-food, retail and other employees a bump in pay. But some New York City restaurant owners say the latest minimum wage hike is forcing them to cut workers’ hours just to stay afloat.
– The Washington Post
At a minimum, the new regime should generate headline headaches for the industry and make for some uncomfortable moments for top executives under the committee’s hot lights.
With retailers hopping on the cashier-less bandwagon in an effort to attract time-crunched shoppers, Amazon Go, the tech giant’s convenience store concept, looks to be well poised to capitalize on the trend, with sizable growth potential and appeal.