Newsday: Long Island businesses worry over absorbing minimum wage increases
By Victor Ocasio
Newsday, Jan 8, 2024
As local businesses adjust to Long Island’s new $16 minimum wage, some employers said they are concerned about the impact increased labor costs are having on their ability to compete in an already high-priced business environment. ...
Some business groups, however, said the increases represent an opportunity to boost consumer spending at small businesses on the Island.
Luis Vazquez, president of the Long Island Hispanic Chamber of Commerce, said the increase to $16 is “a positive beginning to bridging the wage disparities that exist, and the higher wage would mean...