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Higher Wages Pose Challenge to Immigrants' Businesses in NYC

If you are a small-business owner in New York City, you are on the horns of a dilemma: You want to take care of valued employees. You need to make a profit. But you may be facing an 80 percent increase in the cost of labor. Fifty-two percent of the 70,000 small businesses in New York City are owned by immigrants. Under a new law in New York state, all New York City businesses will have to pay a minimum wage of $15 an hour within three years. One of these business owners is Steve Hung,...

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