Sentences with phrase «wage safety valve»

Not exact matches

The compromise on the minimum wage is most acute upstate, where the floor will be increase to $ 12.50 and then have a «safety valve» to determine when it will hit $ 15, based on a Division of Budget study of the economy.

The wage increase will not have special carve - outs for small businesses, but could have a «safety valve» to freeze implementation in the event of an economic downturn, Cuomo told reporters.

There's also one other safety valve: After 2018, the governor's budget director can suspend any wage hikes if there's evidence that the hike is hurting New York's economy.

There's little risk of the economy overheating; in fact, the millions of people who are currently out of the workforce are a safety valve against wage and price pressures.