How to kill jobs & close doors — a minimum-wage warning to New York | New York Post

"A team of left-leaning researchers at the University of California Berkeley had argued that the higher operating costs from the new wage mandate would be negligible — just two-tenths of 1 percent in the retail industry. But when Beatts did the math for his store, he realized that his operating cost would jump closer to 18 percent — meaning the Berkeley analysis was off by a factor of 90."