Certain forward - looking gauges such as the Philadelphia Fed business outlook survey and the Fed's Beige Book also show signs of higher material costs and
potential wage hikes.
With Cuomo and state legislative leaders negotiating a new state budget and discussing
a potential wage hike, Norton said the Farm Bureau's position won't change.
Not exact matches
And, as always during budget talks, there's
potential for legislative horse trading: Senate Republicans want to remove the Cuomo administration's ability to raise the minimum
wage for a specific industry, which it used to approve a major
hike for fast - food workers last year.
Assembly Democrats on Saturday continued to hash out the finer points of the 2015 - 16 state budget and while a deal seemed close, details on school receivership, education aid distribution and a
potential minimum
wage hike linked to property tax relief still remained outstanding issues.
Also testifying are business groups ranging from the Business Council and the National Federation of Independent Business — both of which have opposed the
wage proposal over concerns it will impact jobs — to the Retail Council New York, a group that has supported
wage hikes given the
potential to generate economic activity.
Republican Senate Majority Leader John Flanagan was cool to the
potential of packaging a business - based tax cut with a
hike in the state's minimum
wage on Tuesday, calling for a «full - blown separate discussion» on the issues.
«As proposed, this minimum
wage hike has the
potential to offset the projected immediate savings incorporated within his regulatory reform proposals.
Despite concerns expressed by critics over the
potential negative impact minimum
wage hikes could have on small and medium sized businesses, many of the owners of these businesses do not appear to be equally concerned.