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December 10, 2018

Higher labor and vendor costs forcing tough choices on small business owners

  • Businesses can feel the impact of inflation in different ways, depending on their location, size, real estate markets and import tariffs.
    • By JOYCE M. ROSENBERG
    AP Business Writer

    NEW YORK — Diners are willing to pay more at Manhattan's upscale Gotham Bar and Grill, but price increases these days aren't about snob appeal — the restaurant is contending with higher costs, particularly from rising wages.

    “We have been forced to raise our prices to offset this expense and our pricing still doesn't compensate fully for the increase,” says Bret Csencsitz, managing partner in the restaurant located in the Greenwich Village section.


     
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