Mining wage

New York State Lawmakers Consider Significant Minimum Wage Change

According to a report by Joe Mahony from the Adirondack Daily Enterprise, two New York State Democrats are seeking a major change to the state’s minimum wage.

According to Mahoney’s report, Congresswoman Latoya Joyner of the Bronx and State Senator Jessica Ramos of Queens are gathering support for a bill that would tie New York State’s minimum wage to the house price index. consumption in order to keep the minimum wage in line with the rising cost of living.

State Senator Ramos said, “Historically, annual gains from inflation have diminished the value of the minimum wage, reducing workers’ purchasing power and causing hardship for many.”

Peter Warren, who wrote an analysis for the Empire Center for Public Policy, told Mahoney, “If you’re an employer, for the math to work, you have to have fewer employees. You will abandon these employees. who are the least qualified and the least educated. So the result is that the people who are disproportionately affected are the very people Senator Ramos and others say they are trying to help.

According to invoice, the purchasing power of the $15 minimum wage in New York has fallen to $12.96, and in upstate New York the minimum wage hasn’t even reached $15 yet. If the bill passes, minimum wage increases to keep pace with inflation would no longer require the New York State Legislature to act, but would make increases based on the rate of inflation automatic. The bill is currently in committee in the Assembly.

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