Last week, Gov. Cuomo announced that he will use his executive authority to raise the minimum wage for all state employees to $15 per hour, phasing the increase in over the next several years. The move will impact about 10,000 employees statewide, about 1,000 of whom are in New York City. It will cost the state about $20 million annually.
Gov. Cuomo said:
“Today in New York, we are leading by example and creating an economy that is defined by opportunity, not inequality. We are restoring the fairness and economic justice that built the American dream and standing up for what’s right. I am proud of what we continue to accomplish, because New Yorkers deserve nothing less.”
We continue to be concerned about the impact of such a significant minimum wage increase will place on Upstate New York’s struggling small businesses, family farms and not-for-profit service providers. Some will go out of business. Others will have to reduce the number of people they employ and/or reduce employee hours.
Visit Minimum Wage Reality Check to learn more.