Restaurant Industry May be Hardest Hit By Increasing the Minimum Wage

Raising the minimum wage will have severe consequences, especially for those working in the restaurant industry, investor rating service Moody’s warned on Thursday. “A higher minimum wage represents a particular challenge for restaurants, which depend heavily on hourly workers,” William Fahy, vice president and senior credit officer for Moody’s, said in a statement. “But restaurant operators will have a tough time passing higher labor costs onto customers without negatively impacting Read more […]