Our Columbia Business School experts discuss and examine economic realities facing New York City, from rising labor costs to housing and child care access. A proposed $30 minimum wage was seen as beneficial for workers but potentially disruptive for restaurants, forcing them to restructure operations and pricing.
Government-run grocery stores were highlighted as useful in addressing food deserts, though difficult to sustain financially in competitive markets. Finally, expanding affordable housing and child care were identified as key to improving equity, workforce participation, and overall economic growth.
