Business Commons^™

Staying Afloat In A Dying Industry, Naomi Yane

Capstones

Staying Afloat in a dying Industry

The storied neighborhood of Sheepshead Bay, which sits on the southern tip of Brooklyn, is named after a fish that once inhabited the waters surrounding the town. Like the Sheepshead fish, the community's once booming fishing industry might soon be wiped out due to increasing regulations. Despite complaints from local fishermen, government agencies have taken their stand.

https://www.naomiyane.com/capstone

Adapting To $15: As The Minimum Wage Approaches $15 In Nyc, Business Owners Are Finding Ways To Make It Work, Alexandra Semenova, Sharif Paget

Capstones

This project examines the impact of minimum wage increases across major industries in New York City and State and concludes they have been manageable and even fueled broader economic growth. Since the incremental wage hikes were first signed into law in 2015, data and anecdotal evidence has shown business owners have been able to make it work and many of critics' concerns that the higher labor costs would lead to disemployment have been misplaced. The story provides an in-depth analysis of how restaurant and food establishments, health care and retail employers have adapted to higher labor costs by innovating their …