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The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Personal Finance / Macroeconomic Trends & Risks
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Author: OrmontUS ✭✹  😊 😞
Number: of 4582 
Subject: Re: can't pay a penny for a thought
Date: 11/03/25 8:30 PM
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The minimum wage for tipped restaurant workers in New York City is $16.50 per hour, which is a combined rate of a minimum cash wage of $11.00 per hour and a tip credit of up to $5.50 per hour. If an employee's tips plus the cash wage do not equal at least $16.50 per hour, the employer must make up the difference. It applies to both large and small employers in NYC, Long Island, and Westchester County.

Assembly Member Zohran Mamdani, a Democratic socialist from Queens who is running for mayor, wants to raise New York City’s minimum wage to $30 an hour by 2030.

He contends that the city needs to be a leader and set a minimum wage that better meets New Yorkers’ needs as the cost of living explodes, straining wallets and driving many from their homes and the city itself.

At what point do tips become superfluous if the higher wages are already buried in the price of food in restaurants and other services?

Jeff

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