ALBANY — 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.
Hubert Wiggins has more on the debate surrounding the minimum wage.
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Bill Hammond, a writer specializing in Medicaid issues for the Empire Center’s NY Torch blog, said when he reviewed the budget, it confirmed his suspicion that the administration intentionally underestimated the cost to make it more palatable to taxpayers.
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Given how unpopular a minimum wage hike is among key parties in the state, it’s no surprise that some people have been contemplating alternatives.
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Governor Cuomo kicked off his RV tour around the state to push for a higher minimum wage this week. They’re calling it the “Drive for 15″, a play on words to the Fight for 15 campaign. Cuomo continues to say that a higher minimum wage would boost the economy without causing layoffs or price increases. E.J. McMahon disagrees with the governor, who mentioned him by name during an event this week. McMahon joins us to discuss.
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EJ McMahon called it “one of he most sweeping and heedlessly risky … steps the state government has ever taken in terms of its impact on the economy.”
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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.
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A report released last week by the conservative Empire Center for Public Policy said Cuomo’s plan would cost the state up to 588,800 jobs, including up to 273,800 in the city.
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Raising the minimum wage to $15 an hour could cost the state nearly 200,000 jobs, a new report by The Empire Center argues. Researchers also said that number could be on the conservative end.
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A new report by an Albany think tank estimates that the state would lose between 200,000 and nearly 500,000 jobs if it raised the minimum wage to $15 an hour.
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