New York City Sheds 30,000 Jobs As Restaurants Face Mounting Financial Pressure

Summary

New York City Sheds 30,000 Jobs As Restaurants Face Mounting Financial Pressure It turns out that more suffocating regulation in one of the most aggressively regulated cities in the U.S. is not helpful to businesses...go figure... In fact, rising operating costs, bureaucratic delays and persistent inflation are putting growing pressure on New York City businesses, with restaurant owners warning that operating in the five boroughs is becoming increasingly difficult, according to MSN/NY Post . The strain is now showing up in employment figures. A new report from City Comptroller Mark Levine…

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