Tuesday, July 24, 2012

Senate Dems Continue To Prod On Minimum Wage

Senate Democrats are renewing their efforts to push for an increasing in the state’s minimum wage, releasing a 19-page study that seeks to refute claims a raise would equal job losses.
The report is heavy with charts and graphs explaining the lack of real-wage growth in New York state over the years, along with job losses in New York.
For the minority conference, the main takeaway from the report is this: Jobs won’t be lost if the state’s $7.25 minimum wage is increase and business groups are not “monolithically opposed” to the move.
“Today’s report expands on what the Senate Democratic Conference has consistently said over the past legislative session. Our state needs a higher minimum wage and our economy will improve once New Yorkers are better compensated for their hard work,” Minority Leader John Sampson said in a statement.
Assembly Speaker Sheldon Silver had in January pushed a bill that would increase the state’s minimum wage to $8.50 and tie future increases to the rate of inflation.

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