E.J. McMahon, president of the Empire Center, testified before the Senate Labor Committee on the impact of Gov. Andrew Cuomo's proposal to impose a $15 statewide minimum wage.
The statewide $15 minimum wage proposed by Governor Andrew Cuomo would cost New York at least 200,000 jobs, with the most severe impact felt in upstate regions that are already struggling to create jobs, E.J. McMahon, president of the Empire Center, testified today.
Governor Andrew Cuomo wants New York to be become the first state in the nation to mandate a minimum wage of $15 an hour—more than double the federal minimum.
Governor Andrew Cuomo’s proposal to increase the minimum wage to $15 an hour would cost New York between 200,000 and 588,800 jobs, according a report released today by the Empire Center for Public Policy.
If Gov. Cuomo has his way, New York could soon become the first state in the nation to raise its minimum wage to $15 an hour.
E.J. McMahon, president of the Empire Center, joined Fred Dicker to discuss the latest upstate jobs numbers.
Year-over-year private-sector job growth has picked up in Buffalo and Rochester but is still sinking in the Southern Tier and weakening in the Hudson Valley, according to the latest statistics from the state Labor Department.
Even with minimum wage increases cropping up around the nation, Gov. Andrew Cuomo’s $15-an-hour proposal stands out for directing so much more money to so many workers.