In December 2004, the Senate — then under the leadership of Majority Leader Joe Bruno — overrode a veto of a minimum
wage hike by a fellow Republican, then - Gov.
franchises moved to offset Ontario's minimum
wage hike by cutting paid breaks and forcing workers to cover a bigger share of their benefits.
Not exact matches
A 2016 study examining 78 years of federal minimum
wage hikes in the U.S. (between 1938 and 2009) showed no correlation between those increases and job losses, even in sectors most affected
by such policies.
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.
Foxconn, meanwhile, has responded to the issue
by hiking employee pay
by 30 %, which the CEOs see as both an appropriate response to the company's mistreatment of its workers, and a sign of further
wage pressures in China.
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.
If the Fed were to continue
hiking rates based on the current low rate of productivity growth for fear that inflation would accelerate, that would tend to keep productivity growth permanently depressed
by preventing
wage pressures from pushing businesses to investment in productivity boosting technologies.
With support from the White House for a higher federal minimum
wage, as well as two plans from congressional Democrats to
hike the federal floor to $ 12 and $ 15 an hour
by 2020, expect the
wage debate to intensify in 2016 on the presidential campaign trail.
Wal - Mart Stores, Inc. (NYSE: WMT) kicked off retail earnings season last week, though its strong quarterly earnings were overshadowed
by news of its
wage hike.
â $ œThe preaching goes on, interrupted with dutiful â $ ˜amens.â $ ™ It would be nice if someone would read this sad - eyed crowd the Sermon on the Mount, accompanied
by a rousing commentary on income inequality and the need for a
hike in the minimum
wage.
But the minimum
wage increase backed
by Assembly Democrats aligns with de Blasio's push to
hike the minimum
wage in the city to $ 15
by 2018, plus indexing to inflation future increases.
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 conferences led
by Heastie and Flanagan do not see eye to eye on a number of key issues, including a minimum
wage hike, the education investment tax credit and an effort to strengthen charter schools.
How much money will low - income workers lose
by delaying the minimum
wage hike to $ 9 an hour over three years — without indexing to the rate of inflation?
Clinton also called it a «modern day miracle» that Cuomo was able to get such a large
wage hike through the Republican - controlled Senate
by a near - unanimous vote.
Nearly 2.2 million New Yorkers will be affected
by the minimum
wage hikes.
(Incredibly, as reported in the Daily News, Senate Majority Leader John Flanagan offered late in the legislative session to pass a minimum
wage hike favored
by de Blasio in exchange for the mayor's agreement to drop his opposition to the police and fire disability pension measure.
Last month, a
wage board appointed
by Governor Cuomo suggested a minimum
wage hike for fast food workers to $ 15 an hour.
The savings come from reduced costs for public assistance to low -
wage workers — in effect a taxpayer subsidy to large low -
wage employers — and increased tax payments
by workers benefiting from the
wage hike.
Cuomo has not taken on a position on the Silver proposals or a similar measure that's backed
by Sen. Adriano Espaillat, though has supported past
wage hikes.
It's a measure that has been opposed
by doctors» groups, but comes after Cuomo publicly pledged to support a host of more high - profile measures including a minimum
wage hike to $ 10.10 and allowing local governments to raise the
wage on their own through a state - based formula.
Cuomo was endorsed
by the party last month, however, after agreeing to help Democrats retake the state Senate and back a host of liberal legislation such as a minimum
wage increase as well as local control for future
hikes.
Cuomo was joined
by labor and community leaders in support of his proposed
wage hike.
Cuomo and union officials have crisscrossed the state trying to whip up public support for including the
wage hike in the state budget, which the Legislature is required to pass
by April 1.
The governor said it was best to do the
wage hike on the federal level in order to eliminate state -
by - state competition.
Hiking the minimum
wage to $ 15 an hour for food - service workers would boost paychecks in the city
by $ 1.3 billion a year, a new analysis
by NYC Comptroller Scott Stringer found.
Gov. Andrew Cuomo and state labor leaders on Monday pledged a concerted campaign to boost the state's minimum
wage to $ 15 over the coming years
by leaning on the state Legislature for the latest
hike for low -
wage workers in the last several years.
Gov. Andrew Cuomo insisted small businesses won't be hurt
by a $ 15 - an - hour minimum
wage hike due to a tax cut he's also advancing and increased consumer spending.
Gov. Andrew Cuomo today said he is «cautiously optimistic» a budget deal will be in place
by Friday's deadline that will include a
hike to the minimum
wage, the creation of a state paid family leave program, and a significant boost in education aid.
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.
Gov. Andrew Cuomo said yesterday he is «cautiously optimistic» a budget deal will be in place
by Friday's deadline that will include a
hike to the minimum
wage, the creation of a state paid family leave program, and a significant boost in education aid.
The IDC has long argued that it can achieve more legislation important to progressives
by pushing on the Republicans, including two minimum
wage hikes, funding for immigrant legal services and raising the age of criminal responsibility.
ALBANY — Assembly Speaker Carl Heastie on Wednesday cast doubt on comments
by Senate Majority Leader Dean Skelos that a minimum
wage hike has not been seriously discussed during budget negotiations.
For the state government alone, pay
hikes guaranteed
by the Triborough Amendment have cost $ 140 million a year, even after Governor Andrew Cuomo negotiated a
wage «freeze» with state unions.
GOP senators have proven more disciplined, and Cuomo has cut deals with them — pushed
by the IDC, and often with Democratic votes — to pass six timely budgets and major progressive bills like minimum
wage hikes, a system of paid family leave, legalization of same - sex marriage and strict gun controls.
Ron Deutsch of the Fiscal Policy Institute said the tax cut is meant to offset the damage caused to small businesses
by an upcoming minimum -
wage hike that's also part of the budget.
Critics of the minimum
wage hike say it will hurt businesses
by cutting into revenues that could, in turn, result in fewer jobs and price increases.
A
wage hike is not exepcted to be a problem in the state Assembly, which is controlled
by a Democratic supermajority.
He did, however, reiterate his opposition to the $ 15 - an - hour
wage, saying it has «no basis in economics» and stressing that he has been approached
by multiple groups and constituents urging him to vote «no» on another hourly rate
hike — should one make it to the floor.
But Josh Vlasto, a spokesman fro Gov. Andrew Cuomo, said that while the governor backs a minimum
wage hike, there isn't enough time for a deal
by the end of June.
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.
Felder was the only senator to vote against the spending bill that included a
hike in the minimum
wage to $ 15 in New York City
by the end of 2018.
Of the 96 business owners who responded to the survey, 87 said they opposed the
wage hike proposed
by Gov. Andrew Cuomo and nine said they support it, according to Barclay, R - Pulaski.
And Cuomo also made things easier for the GOP
by deciding not to include an indexing measure for future minimum
wage hikes that the left has been pushing very hard, and Assembly Speaker Sheldon Silver included in his proposal last year.
He earned the unflinching admiration of progressives
by battling for a
hike in the minimum
wage and the legalization of same - sex marriage.
The final budget, approved
by state lawmakers on March 29, also extends the millionaire's tax another three years;
hikes the minimum
wage from $ 7.25 to $ 9 over three years; and promises $ 350 rebate checks to most middle - class families with children in 2014.
Asked
by a reporter if the Senate Republicans are resigned to agreeing to some sort of a minimum
wage hike as part of the budget, Flanagan balked at the word resigned.
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.
And if the plan doesn't fly, he can use a maneuver first developed
by former Gov. David Paterson — forcing the Senate to choose between accepting the minimum -
wage hike in a budget deal or shutting down state government.