The Boston Teachers Union overwhelmingly approved a two - year contract Wednesday that includes a 5
percent wage hike, additional school nurses, and a commitment to reexamine the amount of standardized testing taking place.
Without the offset of the 18
percent wage hike included in the deal realized through health care savings negotiated by the administration with the UFT and Municipal Labor Council, which represents all city employees, this agreement «could increase future budget gaps to levels that would be more difficult for the city to deal with, especially during another downturn,» Moody's warned.
The deal, which would affect approximately 54,000 Public Employees Federation members statewide, calls for three years of annual 2
percent wage hikes, compounded, and no increase in health care costs, according to news releases from the governor and the union.
Not exact matches
Overall, the most damaging policy changes they named were tax
hikes at 41.41
percent, followed by an increase in the minimum
wage, at 31.92
percent.
And 45
percent said they will either be very likely or somewhat likely to close their restaurants in response to the
wage hike.
The percentages were well above 50
percent even in retail (68
percent) and hospitality (60
percent), which would be most immediately affected by any
wage hike.
The worst case scenario is likely
wage growth higher than expected (0.3
percent or higher month over month, 2.9
percent to 3
percent annual), with upward revisions from February, and job growth much higher, all of which would increase the chances for a Fed rate
hike.
ALBANY — While unionized state workers are getting hit with three years of
wage freezes, and Gov. Cuomo and his top aides are taking 5
percent wage cuts, state Senate Republicans are doling out pay
hikes to most of their Capitol staffers, The Post has learned.
It estimates that a minimum
wage increase of $ 7.15 to $ 8.25 an hour (which is even less than the 21
percent hike proposed in the Executive Budget) would cost a total of 28,990 jobs in New York.
That's two - and - a-half times more than projected when the
wage hike passed in 2016, and about 20
percent more than projected as recently as November.
The speaker called for the
wage hike in a legislative election year and polls show that the proposal has broad support among New York voters, with more than 80
percent backing it.
The cuts are actually phased in over several years as is the increase in the state's minimum
wage to $ 15 (A Siena College poll released on Monday found voters backed the $ 15
wage hike 65
percent to 33
percent).
Since the governor's
wage board
hiked the hourly pay of tipped workers in New York by 50
percent, a growing number of restaurants are establishing «no tipping» policies.
The video then notes that a 2015 study by the conservative Empire Center found
hiking the minimum
wage to $ 15 - an - hour in New York — a 67
percent increase, when fully phased in — would cause a loss of as many as 200,000 jobs.
In the poll of 805 registered voters, 65
percent supported the
wage hike, 33
percent opposed it, and 2
percent were unsure.
Ironically, Gibson enjoys a 57
percent favorability rating, despite support from voters on progressive issues like a pathway to citizenship for undocumented immigrants, higher taxes for millionaires, and a minimum
wage hike.
SYRACUSE, N.Y. — Sixty - four
percent of the nearly 100 local business owners surveyed by Assemblyman Will Barclay said they'd lay off workers if the state's minimum
wage is
hiked to $ 15 an hour, Barclay said Tuesday.
An Empire Center analysis released earlier this month predicted that a $ 15 - an - hour minimum
wage — a nearly 70
percent hike over the current minimum — would cost New York at least 200,000 jobs, and perhaps as many as 588,800.
It also explains, said the source, Cuomo's embrace of Big Labor's demand for a nearly 70
percent minimum
wage hike to $ 15 an hour — which could devastate small businesses at a time the governor claims to want to improve New York's notoriously hostile business climate.
Lawmakers are expected to begin voting tonight on the tax cut, a minimum
wage hike, a 6.5
percent increase in school funding.
Focused on delivering an on - time spending plan — which polls earlier this month showed 62
percent of voters wanted the timely budget, stronger ethics laws be damned — the governor and legislators jettisoned plans for a minimum
wage hike, the Dream Act and changes to the criminal justice system from the spending plan.
«We need to proceed cautiously and deliberatively, and take a step back to study the real - life consequences of any additional increase in the minimum
wage, especially one of the magnitude of a nearly 70 -
percent hike.»
Republicans are split on the issue, but a vast majority of Democrats — 85
percent — support a minimum
wage hike.
The owner offered opportunity to a town that desperately needed it, but the looming minimum -
wage hike — which raised his cost per order by as much as 77
percent — made it impossible to continue to operate there.
Seneca County is among 50 entities that make up the Minimum
Wage Reality Check campaign, which contends that a 67 percent minimum wage hike will end in job losses, tax increases and a higher cost of liv
Wage Reality Check campaign, which contends that a 67
percent minimum
wage hike will end in job losses, tax increases and a higher cost of liv
wage hike will end in job losses, tax increases and a higher cost of living.
Even the United Federation of Teachers (UFT) supported the reform legislation after Mayor Bloomberg gave the teachers a 16
percent across - the - board
wage hike (plus an extra 5
percent for beginning teachers).
If fully implemented, Seattle's minimum
wage would be double the national minimum and represent a 61
percent hike from Washington State's current minimum
wage of $ 9.32 per hour.