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So far this year, many New York City bars have shut its doors for reasons pertaining to rent.Socialist Dem Ocasio-Cortez laments coffee shop's closure -- over wage hikes that she supports
this is the left. that's were we're at. i pity you fools!
Terms of Service Violation
Food
How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City
With the imminent closing of Republic, Union Square West—once home to pioneering restaurants such as Blue Water Grill and Union Square Cafe—is turning to a bland stretch of chain restaurants and stores. Here's why.
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Its the rents, not really the wages.
The owner who knows the business has stated the combination oh high rents and the increased wage forced the shut down. You posting about high rent just makes you look ignorant.
Terms of Service Violation
Food
How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City
With the imminent closing of Republic, Union Square West—once home to pioneering restaurants such as Blue Water Grill and Union Square Cafe—is turning to a bland stretch of chain restaurants and stores. Here's why.
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Its the rents, not really the wages.
So today you are a conservative.Socialist Dem Ocasio-Cortez laments coffee shop's closure -- over wage hikes that she supports
this is the left. that's were we're at. i pity you fools!
Terms of Service Violation
Food
How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City
With the imminent closing of Republic, Union Square West—once home to pioneering restaurants such as Blue Water Grill and Union Square Cafe—is turning to a bland stretch of chain restaurants and stores. Here's why.
--------------------------------------------------------------
Its the rents, not really the wages.
Maybe you should read it again. They said the rents ARE high. What that means is they've been high for a while and they've been able to skate by even with high rents. But........the change is the new minimum wage law.
The article claims that 150 employees are involved. If wages are forced up by one dollar an hour, that's an extra 150 dollars per hour the employer has to pay out. If the average hours per employee is 30 hours a week, that's $4,500. That's $22,500 per month. That's just one dollar an hour at 30 hours a week.
But I'm sure it's much more expensive than that and I don't have time this morning to read how much higher the wage is going, but I'm sure you can use a calculator from this point. Plus the fact when an employer pays out one dollar more per hour, it costs the employer much more than that when all the other associated costs are included.
No, it's not the rents, it's the new wage.
Socialist Dem Ocasio-Cortez laments coffee shop's closure -- over wage hikes that she supports
this is the left. that's were we're at. i pity you fools!
Terms of Service Violation
Food
How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City
With the imminent closing of Republic, Union Square West—once home to pioneering restaurants such as Blue Water Grill and Union Square Cafe—is turning to a bland stretch of chain restaurants and stores. Here's why.
--------------------------------------------------------------
Its the rents, not really the wages.
Maybe you should read it again. They said the rents ARE high. What that means is they've been high for a while and they've been able to skate by even with high rents. But........the change is the new minimum wage law.
The article claims that 150 employees are involved. If wages are forced up by one dollar an hour, that's an extra 150 dollars per hour the employer has to pay out. If the average hours per employee is 30 hours a week, that's $4,500. That's $22,500 per month. That's just one dollar an hour at 30 hours a week.
But I'm sure it's much more expensive than that and I don't have time this morning to read how much higher the wage is going, but I'm sure you can use a calculator from this point. Plus the fact when an employer pays out one dollar more per hour, it costs the employer much more than that when all the other associated costs are included.
No, it's not the rents, it's the new wage.
not exactly------it is a whole complex of idiot policies
of current Democratic government in New York.
A HUGE ENTITLEMENT PROGRAM supported
by out of control tax increase on property.
Property tax is how the city GETS THE MONEY.
Of course ----huge minimum wage is another
ENTITLEMENT ----which is reflected in rising
property tax. Entitlements is how marginal politicians get their votes
Terms of Service Violation
Food
How Rent Spikes Are Creating Fine Dining ‘Deserts’ In New York City
With the imminent closing of Republic, Union Square West—once home to pioneering restaurants such as Blue Water Grill and Union Square Cafe—is turning to a bland stretch of chain restaurants and stores. Here's why.
--------------------------------------------------------------
Its the rents, not really the wages.
Maybe you should read it again. They said the rents ARE high. What that means is they've been high for a while and they've been able to skate by even with high rents. But........the change is the new minimum wage law.
The article claims that 150 employees are involved. If wages are forced up by one dollar an hour, that's an extra 150 dollars per hour the employer has to pay out. If the average hours per employee is 30 hours a week, that's $4,500. That's $22,500 per month. That's just one dollar an hour at 30 hours a week.
But I'm sure it's much more expensive than that and I don't have time this morning to read how much higher the wage is going, but I'm sure you can use a calculator from this point. Plus the fact when an employer pays out one dollar more per hour, it costs the employer much more than that when all the other associated costs are included.
No, it's not the rents, it's the new wage.
not exactly------it is a whole complex of idiot policies
of current Democratic government in New York.
A HUGE ENTITLEMENT PROGRAM supported
by out of control tax increase on property.
Property tax is how the city GETS THE MONEY.
Of course ----huge minimum wage is another
ENTITLEMENT ----which is reflected in rising
property tax. Entitlements is how marginal politicians get their votes
Putin's puppets and Bernie would agree...
View attachment 212253
Well the owner should know. He lived it. So if you don’t mind I will listen to the owner! Cause you are willfully stupid and he isn’t.The owner who knows the business has stated the combination oh high rents and the increased wage forced the shut down. You posting about high rent just makes you look ignorant.
its the high rents, if the rents have not gone up to much, they could pay. Its the fine dining collapse in the area due to square footage.
Manhattan’s Restaurant Real Estate Troubles Are Real: An Expert Explains
The owner who knows the business has stated the combination oh high rents and the increased wage forced the shut down. You posting about high rent just makes you look ignorant.
