Harvard Research: Minimum Wage Hikes Put Non-Elite Restaurants Out of Business - Breitbart
"A recent study conducted by researchers at Harvard Business School concluded that minimum wage laws increase the likelihood that non-elite restaurants will go out of business.
The study, which was conducted by the husband-and-wife team of Dara Lee Luca and Michael Luca, looked at data on “tens of thousands of restaurants in the San Francisco area.”
They concluded that lower-rated restaurants are disproportionately more likely than four or five-star restaurants to go out of business as a result of minimum wage laws.
The evidence suggests that higher minimum wages increase overall exit rates for restaurants. However, lower quality restaurants, which are already closer to the margin of exit, are disproportionately impacted by increases to the minimum wage..."