October 8, 2015. The New York State Business Council’s statement on the Governor’s proposal to raise New York’s minimum wage to $15 by 2021 leaves out several “inconvenient” truths:
1. A phased-in minimum wage increase will boost the purchasing power of roughly 3 million low-wage New York workers, pumping that increased consumer spending into local businesses and jobs all across the state. Above all else, small businesses need customers; a minimum wage increase will provide them.
2. A higher wage … (read more)