New York will raise its minimum wage for waiters, waitresses and other tipped workers from $5 per hour to $7.50 per hour, effective at the end of 2015. Current minimum tipped wages are set at $4.90, $5 and $5.65, depending on the type of service job an employee does.

On Tuesday, New York’s Acting Labor Commissioner issued an order which carries out several recommendations made by a wage board appointed the Gov. Cuomo last year to study the issue.

We find it troubling that the state is increasing this wage so significant – by almost 50% — and so quickly.  This is going to result in huge increases for labor costs in the hospitality and restaurant industries – something that simply does not square with the notion of New York State being “open for business.”

Read the view of our friends at the New York chapter of the National Federation of Independent Businesses (NFIB) here.

In his Executive Budget proposal, Gov. Cuomo has proposed increasing the state’s minimum wage to $10.50 per hour.  If enacted, this will put an even greater burden on small businesses throughout the state.