Statement on Minimum Wage Announcement
March 31, 2016. The Fiscal Policy Institute is pleased to hear that a deal has been reached on increasing the minimum wage and that New York is on a path to $15 for all workers. This historic decision will provide wage increases to over 3.1 million New Yorkers that need and deserve a raise. Approximately 46 percent of workers benefiting from this increase, those in New York City, will see their wages rise to $15 per hour by the end of 2018 (2019 for workers in [...]