Month: March 2015
One of New York State's highly touted high-tech "investments" just shorted out. General Electric announced today it is pulling the plug on its Durathon battery project, which is manufactured by a Schenectady-based subsidiary, GEMx Technologies. The project, which for a time employed more than 350 people, was awarded $12.5 million in "JOBS Now" capital funding from the state Empire State Development Corp. in 2013. Read More
Patrick Pipino says he worries about the future of his Saratoga Springs Ben & Jerry’s franchise if the state’s minimum wage goes up to $15 per hour. But he also worries about how young people like those he hires to scoop premium ice cream Read More
According to research, higher pay — means fewer jobs! The report suggests that raising the minimum wage to $15 an hour would hurt the workers the policy is intended to help. According to the study, this statewide increase would cost New York State at least 200,000 – 588,800 jobs. Read More
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