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Movie theater owners fearful of minimum wage increase February 12, 2021 by: Congress is in the midst of pushing a new COVID-19 stimulus package and part of that package includes a federal minimum wage increase. The minimum wage has remained at $7.25 since 2009, depending on your state, and movie theater owners are warning that a federal minimum wage increase would be disastrous for their business in the wake of the pandemic. The movie theater business was demolished in 2020 as movie theaters began to shutter in March of last year due to the pandemic. In the subsequent months, some locations in certain states have reopened but at limited capacity while major markets such as Los Angeles and New York City, remain closed. In fact, as of this writing, ....
11 Feb 2021 Lockdowns have crippled movie theaters due to the coronavirus. Now the industry faces further financial troubles as the Biden administration and Congressional Democrats seek another hike in the minimum wage and the $15 an hour proposal is weighing heavily on the minds of theater owners across the country. “That would kill us,” Byron Berkley, owner of Foothills Entertainment in Kilgore, Texas, told Variety. “We couldn’t justify raising our admission prices and concession prices to compensate for that kind of increase and still expect people to patronize the business. It would be disastrous.” Berkley’s part-time employees make $8 an hour in keeping with the state’s minimum wage. But the theater owner says that a wage hike of nearly double would put them out of business. ....