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New York mulls two-tier minimum wage in push for $15/hour
Source: Reuters
World | Tue Mar 29, 2016 6:56pm EDT
New York mulls two-tier minimum wage in push for $15/hour
NEW YORK | BY EDWARD KRUDY
Officials negotiating New York's budget are considering capping the minimum wage in less affluent regions so they can raise it to $15 per hour in wealthier areas like New York City, according to top-ranking lawmakers.
New York Governor Andrew Cuomo, a Democrat, has made a $15 state-wide hourly minimum wage a priority and is trying to push it through with the state's $145 billion fiscal spending plan, which is due at the start of the state's fiscal year on April 1.
While Democrats, who control the Assembly, support a $15 minimum wage, Republicans, who have a majority in the Senate, are less enthusiastic. They fear an increase from its current $9 per hour could hurt businesses in less prosperous areas, mainly in the northern, or "upstate" reaches of New York.
Introducing a two-tier system that caps the wage at $12.50 or $13 upstate could emerge as a compromise solution.
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New York mulls two-tier minimum wage in push for $15/hour
NEW YORK | BY EDWARD KRUDY
Officials negotiating New York's budget are considering capping the minimum wage in less affluent regions so they can raise it to $15 per hour in wealthier areas like New York City, according to top-ranking lawmakers.
New York Governor Andrew Cuomo, a Democrat, has made a $15 state-wide hourly minimum wage a priority and is trying to push it through with the state's $145 billion fiscal spending plan, which is due at the start of the state's fiscal year on April 1.
While Democrats, who control the Assembly, support a $15 minimum wage, Republicans, who have a majority in the Senate, are less enthusiastic. They fear an increase from its current $9 per hour could hurt businesses in less prosperous areas, mainly in the northern, or "upstate" reaches of New York.
Introducing a two-tier system that caps the wage at $12.50 or $13 upstate could emerge as a compromise solution.
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Read more: http://www.reuters.com/article/us-new-york-minimumwage-idUSKCN0WV2P0
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