Conrad Wolf reports for Daily Caller:
Manhattan Institute Senior Fellow Edmund J. McMahon warned Monday that a $15 minimum wage could kill pizza restaurants in New York state.
McMahon spoke at a panel discussion hosted by the Center for New York City Affairs. He argued the minimum wage debate is too focused on large corporations. While big companies are much more likely to absorb the higher wages, small businesses will struggle, which include a hallmark institution in New York state: pizzerias.
“Let me point out, most of the people employed in New York are employed by small firms,” McMahon said. “If this policy goes through, in five years the only place in upstate New York where you’ll be able to buy pizza is Domino’s, unless its Pizza Hut, because they have the marketing might, the capital to absorb it.”