The $15 minimum wage was supposed to bring about the 'restaurant apocalypse.' Here's how 5 major cities are faring so far.
- Restaurants employ more minimum-wage workers than any other industry.
- With the movement to increase wages across the country, economists worried the policies would kill jobs and raise prices.
- So far, five cities that have raised wages had little change in employment after the policies went into effect.
- Visit Business Insider's homepage for more stories.
The federal minimum wage is currently at $7.25, but some individual states and cities have enacted higher pay. As of this year, 29 states and two dozen major cities have minimum wages above $7.50, according to the Pew Research Center.
Many economists and restaurant owners worried a higher minimum wage would kill jobs and raise prices, but cities like New York and San Francisco haven't seen much impact yet. A new report from the New School recently found the restaurant industry had thrived in NYC years after passing higher wages.
Here's how increased minimum wages have impacted the restaurant industries of New York City, Seattle, the Bay Area, Chicago, and Washington DC.