Last Tuesday, the Assembly approved legislation to increase the state’s minimum wage to $9 an hour, and to automatically increase it annually by tying it to increases in inflation.
Gov. Cuomo has proposed increasing the minimum wage to $8.75 as part of his budget, but also said that he is open to negotiation on the issue.
The Senate’s Independent Democratic Conference (IDC), which shares control of the Senate with Republicans, has proposed an $8.50 wage with automatic inflation increases. The Senate Republicans have expressed concerns that raising the minimum wage will result in layoffs, hampering the state’s economic recovery.
We share the view of the Senate Republican Conference on this issue – that it will hurt low wage workers and small businesses. New York needs to improve the business climate, not impose new wage mandates.