Albany, NY – Assembly Democrats Monday will propose a hike in the minimum wage to $8.50 an hour, the Daily News has learned.
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The plan also will include a provision for automatic increases going forward that are tied to inflation, according to sources.
The state’s current minimum wage is $7.25 an hour. It has been increased five times since 2000–the last time in 2009, when it automatically went up a dime-an-hour to meet the federal rate.
Raising it to $8.50 an hour would give New York one of the highest rates in the country, only behind such states as Oregon and Washington.
Supporters say it is needed because salaries for low-wage earners have not kept up in recent years with rising consumer costs, while businesses warn it could further hurt a battered economy.
But many business groups have argued it would lead to job losses and make New York less competitive with neighboring states.
Eighteen states, including Massachusetts and Connecticut, currently have higher minimum wage rates than new York.
This is utter rubbish, nothing more than pandering to the Democrat base. Most economists concur that minimum wages laws either accomplish nothing, or cause more harm than good – causing measurable increases in unemployment, for example. The fact is that there are people who are not worth (from an economic standpoint, of course) $7.25 an hour. They’d probably be glad to get a job for $6.50 hour – something is better than nothing – but the law makes it illegal for them to get such a job.
Will cause 100’s of small business owners to either close shop or lay off multiple workers! Will do more harm then good!
Send another load of our jobs of to China and India.
in todays prices the minimum wage has to be 20 an hour
In addition to job losses, there’s also the problem of increase in hiring illegeals (or “undocumented citizens” as the dems would call them). So the hard working citizen will loose out big time.
All this does is make those whose jobs are economically worth less to the company than 8.50 an hour will lose their job. So now they will be unemployed instead of making something.
This may make the base price for everything increase, as the shelf-stockers in grocery stores are being paid more. So we all have higher food costs (and other costs) but our wages aren’t going up. And those who were making minimum wage?? they have higher costs too so this helps nothing!
Be realistic. Who can live on even $8.50 an hour ? That cannot evencover rent!
Oh please if you cant afford to pay someone enough that they can live on(to pay for basic needs) its not a job. people need to earn enough of a salary to get off of govmt handouts. wouldnt you want that out of your employer if the tables were turned.
Yes some people may not be worth the minimum wage as you say. But think of the thousands of yidden that would be in a disaster zone if there employees were entitled to pay them whatever they wanted. What would stop an employer from paying an employee 5.00 considering he has no job skills. Think a young man who just got married straight out of a14 hour yeshivah day
Yes some people may not be worth the minimum wage as you say. But think of the thousands of yidden that would be in a disaster zone if there employees were entitled to pay them whatever they wanted. What would stop an employer from paying an employee 5.00 considering he has no job skills. Think a young man who just got married straight out of a14 hour yeshivah day
Any adukt readers of this blog earing $8.50 an hour or less?
Minimum wage is the perfect example of government overreach. If I have a store and I am paying someone an hourly rate, and someone else offers to do the work for $1 less, why the heck should I not be allowed to hire that person? And if I am offering so little that no one wants the job, I’ll have to pay more. The amount someone is willing to accept is what the job is worth, and having to pay more because the government so insists is unfair interference in the market.
On top of that, it has been proven repeatedly that raising the minimum wage increase income for fewer but hurts more.
But hey, it’ll buy votes, so what the heck.
Let’s up the minimum wage to $10 per hour, LOL!
Seriously folks…
Employers won’t really lay workers off just because they’re costing them more, right?
They’re just greedy and have too much money anyway! (:-D