A $15 minimum wage in New York state aims to eliminate low-income poverty, but Earned Income Tax Credits could be the solution without the added financial consequences to employers.
The legislature has until April 1st to pass the Governor's budget. One of the most contentious issues remains the proposal to raise the minimum wage to $15 an hour.
Gov. Andrew Cuomo's campaign for a statewide $15-an-hour minimum wage is based on the assertion that "no one who works a full-time job should be forced to live in poverty."
Few would disagree. But here's the thing: No one who works a full-time job in New York has to live in poverty — thanks largely to a program pioneered at the state level by the governor's father.
Governor Andrew Cuomo has embraced the “fight for $15,” pledging to make New York the first state to impose a $15-an-hour minimum wage on virtually its entire private-sector workforce. How would a universal $15 minimum wage affect employment prospects for New York’s poor and unskilled?
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.
The Empire Center for Public Policy has produced a new online video series in which a dozen New York State employers explain how their hiring patterns would be affected by a proposed $15-an-hour minimum wage.
As part of his ongoing push for a statewide $15 minimum wage, Governor Andrew Cuomo repeatedly has denounced what he calls “the mother of all corporate loopholes.” In Buffalo this week, he amped up his rhetoric, reportedly charging that “business is stealing from taxpayers of this state.”
Cuomo wasn’t referring to any of the notable business tax giveaways he has personally promoted, such as the $420 million a year the state doles out to wealthy film and TV producers, or the state's $750 million speculative investment in billionaire Elon Musk’s solar panel factory in Buffalo, or the 100 percent tax exemptions that will flow to the handpicked corporate occupants of START-UP NY zones.