Not exact matches
While some workers may lose their job after the minimum
wage increase (more on that in a minute), a very large number of workers will see an important pay
hike, and that will loop back
into the economy.
The memo, which was sent to store managers earlier this month, offers insight
into the impact of minimum
wage hikes in 21 states due to come
into effect on or around Jan. 1, 2015.
The results show that while a change in federal, state, or local laws would have these folks reaching
into their pockets, a majority still support a minimum
wage hike.
For Cuomo, a united Democratic Senate majority is a nightmare scenario: a centrist at heart, he belittled raising the minimum
wage before it came back
into vogue, ridiculed the idea of
hiking taxes on wealthy people, and still won't comply with a ten - year - old court ruling to fork over state cash to underfunded city public schools.
This
wage hike will back businesses
into a corner, and force owners to make very difficult decisions with regard to their workforce to ensure their companies can survive.
Fred Dicker says Senate Majority Leader John Flanagan is ready to enter
into a «Faustian pact» with the governor, agreeing to a $ 15 - an - hour minimum
wage hike if Cuomo agrees not to help the Senate Democrats in this year's elections.
In the summer, and as Cuomo's feud with liberal New York City Mayor Bill de Blasio erupted
into public view, Cuomo convened a
wage board at the Department of Labor to study a minimum
wage hike for workers in the fast - food industry.
In the budget, the minimum
wage hike was lumped
into one bill that also included $ 24.8 billion for schools and wiping out the Gap Elimination Adjustment that the Senate Republicans wanted.
He used this frame to rebut counter-arguments (which most of the
wage hike skeptics haven't been making) that a minimum
wage is an unjustified intrusion
into the private labor market.
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.
Gov. Andrew Cuomo admitted the minimum
wage increase triggered somewhat of an arms race since the first staggered
hike went
into effect in 2016, and pledged an additional commitment of $ 10 million.
That
wage hike will go
into effect at the end of this year.