Scarinci Hollenbeck, LLC
The Firm
201-896-4100 info@sh-law.comFeatured
Author: Scarinci Hollenbeck, LLC
Date: September 9, 2014
The Firm
201-896-4100 info@sh-law.comNew York, NY, September 9, 2014 – Gary S. Young, Esq., a prominent business employment lawyer and Partner at the Law Offices of Scarinci Hollenbeck, was invited to discuss the recent fast food worker strike on EBRU-TV’s weekly talk show “Fresh Outlook”. Mr. Young joined a prestigious panel of professionals to discuss the strike, the workers’ right to unionize and the possible effects of raising the federal minimum wage.
The latest strike, which occurred Thursday, September 4, is the seventh such protest since November 2012 in New York, during which 200 fast food employees walked out of their jobs. This time, workers at fast food restaurant chains across the country walked off the job in 150 cities. They are demanding a raise to $15 per hour and the right to unionize, but while being credited with influencing policy and public opinion in favor of workers’ rights, their demands are unmet as of yet.
Those opposed to raising the minimum wage argue that doing so will put an unreasonable strain on the U.S. economy, an effect that economists call a “distortion.” They argue that small companies struggling to compete could go out of business as a result of such an increase and that the end result will be a higher rate of unemployment. Those in favor of the legislation say that large companies can afford to pay their employees considerably more, and that employment is unlikely to drop precipitously, because most of these businesses already staff the minimum number of people necessary. They also argue that increasing the minimum wage will result in a broader base for consumer spending, which in turn should result in higher profitability for many of these businesses.
Young weighed both sides of the issue carefully.
“I’m in favor of [raising the minimum wage] if it works and if it doesn’t dislocate the economics of the industry,” Young told the panel. “Working with restaurateurs, many find it very hard to make ends meet. The truth of the matter is that many of the franchisees are small businesses, and when you increase their costs – and we’re talking about doubling the wage by legislative fiat – that has a tremendous impact.”
“The bottom line is, I don’t think anybody in their right mind would say, ‘we don’t want people to do better and have more,’” Young continued, “but it’s a question of where does that come from and what effect does that have, ultimately? Does it benefit the worker, and if it doesn’t, should we be doing it?
Gary Young is an experienced attorney in ERISA law, employee benefits and executive compensation for over 35 years. He is Chair of Scarinci Hollenbeck’s Employee Benefit & ERISA Law Group and General Counsel to the New Jersey Restaurant Association. Few attorneys are as uniquely qualified to speak knowledgeably about the restaurant worker strike and the minimum wage issue.
He earned his law degree from Brooklyn Law School in 1974 and developed broad knowledge and experience in ERISA early in his career. Young has represented clients before the Internal Revenue Service, Department of Labor and a variety of other governmental agencies. For more information on Gary Young visit his bio:
###
About Scarinci Hollenbeck
Scarinci Hollenbeck is a New York, New Jersey and Washington, D.C. law firm that serves a diverse group of clients in numerous industries. The full service, general practice law firm retains a highly trained legal team with expertise in several areas, including, Labor & Employment, ERISA & Employee Benefits, Corporate Transactions and Business Law, Commercial Real Estate, Environmental & Land Use Law, Complex Litigation, Cyber and Data Privacy Law, E-Discovery, Insurance Law, Bankruptcy and Creditor’s Rights, Public Law, Sports and Entertainment Law, and Tax, Trust & Estate Law. Top-tier personnel, innovative technology and superior client service adds to Scarinci Hollenbeck’s reputation as one of the most highly ranked law firms in the New York and New Jersey Metropolitan area.
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Ronald S. Bienstock and William C. Sullivan, Jr. of Scarinci Hollenbeck Recognized as 2025 Leaders in Law by NJBIZ Little Falls, NJ – March 6, 2025 – One of New Jersey’s leading business journals, NJBIZ, has recognized Ronald S. Bienstock, Partner and Chair of the Intellectual Property Group, and William C. Sullivan, Jr., Partner and […]
Author: Scarinci Hollenbeck, LLC
Scarinci Hollenbeck Named in U.S. News & World Report’s 2025 Best Companies to Work For Law Firms Little Falls, NJ – March 4, 2025 − U.S. News & World Report, the global authority in rankings and consumer advice, has named Scarinci & Hollenbeck, LLC one of the best law firms to work for in its […]
Author: Scarinci Hollenbeck, LLC
ROI-NJ Continues to Feature Donald Scarinci and Donald M. Pepe on Annual Influencers in Law List Little Falls, NJ – February 26, 2025 – Partner and Chair of Scarinci & Hollenbeck, LLC’s Commercial Real Estate Department Donald M. Pepe and Founding & Managing Partner Donald Scarinci have once again been named to ROI-NJ’s Influencers: Law […]
Author: Scarinci Hollenbeck, LLC
U.S. News & World Report Includes Eleven Scarinci Hollenbeck Attorneys in 2025 Edition of Best Lawyers in America© Little Falls NJ – August 15, 2024 – Scarinci Hollenbeck, LLC is pleased to announce that eleven attorneys have been included in the 2025 edition of The Best Lawyers in America®. First published in 1983, Best Lawyers is […]
Author: Scarinci Hollenbeck, LLC
Congratulations to Partners Don Pepe and Donald Scarinci for Inclusion in NJBIZ’s 2024 Power 50 in Law List Little Falls, NJ – July 23, 2024 – New Jersey’s leading business journal NJBIZ included Scarinci Hollenbeck, LLC Founding & Managing Partner Donald Scarinci and Partner & Chair of the firm’s Commercial Real Estate department Donald M. […]
Author: Scarinci Hollenbeck, LLC
Reinforcing Commitment to Excellence, Scarinci Adds Six in Strategic Real Estate Law Practice Expansion Little Falls, NJ – June 20, 2024 – Scarinci Hollenbeck, LLC has strategically added six attorneys in its commercial real estate group, significantly enhancing the firm’s already renowned practice in an effort to better service our clients’ needs throughout the New […]
Author: Scarinci Hollenbeck, LLC
No Aspect of the advertisement has been approved by the Supreme Court. Results may vary depending on your particular facts and legal circumstances.
Consider subscribing to our Firm Insights mailing list by clicking the button below so you can keep up to date with the firm`s latest articles covering various legal topics.
Stay informed and inspired with the latest updates, insights, and events from Scarinci Hollenbeck. Our resource library provides valuable content across a range of categories to keep you connected and ahead of the curve.
New York, NY, September 9, 2014 – Gary S. Young, Esq., a prominent business employment lawyer and Partner at the Law Offices of Scarinci Hollenbeck, was invited to discuss the recent fast food worker strike on EBRU-TV’s weekly talk show “Fresh Outlook”. Mr. Young joined a prestigious panel of professionals to discuss the strike, the workers’ right to unionize and the possible effects of raising the federal minimum wage.
The latest strike, which occurred Thursday, September 4, is the seventh such protest since November 2012 in New York, during which 200 fast food employees walked out of their jobs. This time, workers at fast food restaurant chains across the country walked off the job in 150 cities. They are demanding a raise to $15 per hour and the right to unionize, but while being credited with influencing policy and public opinion in favor of workers’ rights, their demands are unmet as of yet.
Those opposed to raising the minimum wage argue that doing so will put an unreasonable strain on the U.S. economy, an effect that economists call a “distortion.” They argue that small companies struggling to compete could go out of business as a result of such an increase and that the end result will be a higher rate of unemployment. Those in favor of the legislation say that large companies can afford to pay their employees considerably more, and that employment is unlikely to drop precipitously, because most of these businesses already staff the minimum number of people necessary. They also argue that increasing the minimum wage will result in a broader base for consumer spending, which in turn should result in higher profitability for many of these businesses.
Young weighed both sides of the issue carefully.
“I’m in favor of [raising the minimum wage] if it works and if it doesn’t dislocate the economics of the industry,” Young told the panel. “Working with restaurateurs, many find it very hard to make ends meet. The truth of the matter is that many of the franchisees are small businesses, and when you increase their costs – and we’re talking about doubling the wage by legislative fiat – that has a tremendous impact.”
“The bottom line is, I don’t think anybody in their right mind would say, ‘we don’t want people to do better and have more,’” Young continued, “but it’s a question of where does that come from and what effect does that have, ultimately? Does it benefit the worker, and if it doesn’t, should we be doing it?
Gary Young is an experienced attorney in ERISA law, employee benefits and executive compensation for over 35 years. He is Chair of Scarinci Hollenbeck’s Employee Benefit & ERISA Law Group and General Counsel to the New Jersey Restaurant Association. Few attorneys are as uniquely qualified to speak knowledgeably about the restaurant worker strike and the minimum wage issue.
He earned his law degree from Brooklyn Law School in 1974 and developed broad knowledge and experience in ERISA early in his career. Young has represented clients before the Internal Revenue Service, Department of Labor and a variety of other governmental agencies. For more information on Gary Young visit his bio:
###
About Scarinci Hollenbeck
Scarinci Hollenbeck is a New York, New Jersey and Washington, D.C. law firm that serves a diverse group of clients in numerous industries. The full service, general practice law firm retains a highly trained legal team with expertise in several areas, including, Labor & Employment, ERISA & Employee Benefits, Corporate Transactions and Business Law, Commercial Real Estate, Environmental & Land Use Law, Complex Litigation, Cyber and Data Privacy Law, E-Discovery, Insurance Law, Bankruptcy and Creditor’s Rights, Public Law, Sports and Entertainment Law, and Tax, Trust & Estate Law. Top-tier personnel, innovative technology and superior client service adds to Scarinci Hollenbeck’s reputation as one of the most highly ranked law firms in the New York and New Jersey Metropolitan area.
Let`s get in touch!
Sign up to get the latest from the Scarinci Hollenbeck, LLC attorneys!