Mike's Subs owner, Bob Bolt doesn't want to raise sub prices at his Kenmore staple. But, it will happen by month's end to offset the added expense of the minimum wage hike.
"Things are so expensive. People have to watch the dollars they spend. And, if prices go up, I worry that customers will make other choices or they'll stay home or find some body else that may be cheaper," he said.
He's raising the price of cold subs by 50 cents.
Bolt's also tightening up hours. He'll run the sub shop with fewer employees on the clock.
Many restaurant owners said they won't make any changes. They said it's the cost of doing business in New York. And, furthermore, they already pay more than minimum wage to entice more applicants.
Still, Bolt said he's taking the necessary steps to stay afloat. He said he prefer a free enterprise system where the market determines the timing of a pay increase instead of the government.
