Cuomo: Minimum wage increase to boost Finger Lakes economy through 2021
A New York State Department of Labor report released last week says by gradually raising the minimum wage, 166,398 workers in the Finger Lakes will earn higher wages, increasing spending by $1.066 billion.
According to Gov. Andrew Cuomo’s office, the report says 54,260 workers in the Finger Lakes currently earn $9 per hour.
Cuomo’s administration is proposing the minimum wage be increased incrementally between 2016 and 2021 statewide outside New York City. The first increase, proposed for July this year, would be to $9.75, then each year, it would increase by $1 per hour through July 2021.
Analysis: Raising New York’s Minimum Wage to $15 was produced by the New York State Department of Labor’s Office of Research and Statistics. The report can be found through links online at governor.ny.gov.