The way restaurateur Jeff Kavin sees it, Los Angeles Mayor Eric Garcetti’s plan to hike the minimum wage will have a maximum impact on his business – and it won’t be pretty.
Garcetti last week called for the minimum wage for all employees in the city to rise to $13.25 an hour over the next three years and to be indexed annually to inflation thereafter. The first hike, from the current $9 an hour to $10.25 an hour, would hit sometime next year, possibly by July 1.
Kavin, who owns Greenblatt’s Delicatessen in Hollywood, said the wage hike will force him to cut back his hours and scale back on his hiring.
Read the full story in the September 8 weekly edition of the Business Journal.