Fact vs. Fiction on Raising New York’s Minimum Wage
May 21, 2012. Last week, following Assembly passage of legislation to increase New York’s minimum wage to $8.50 an hour, Senate Majority Leader Dean Skelos argued that the minimum wage increase would harm minimum wage workers because they would pay more in taxes and some might lose eligibility for Family Health Plus. In this brief, The Fiscal Policy Institute and the National Employment Law Project review the facts and show that, on an after tax basis, all minimum wage workers would be considerably better off following a minimum wage increase. And, Family Health Plus eligibility is not affected for the overwhelming majority of low-wage New Yorkers.