Sunday, November 8, 2015

REPORT $15 Minimum Wage Could Cost New York 200,000 Jobs

 The Empire Center for Public Policy and the American Action Forum examined the impact of raising the statewide minimum wage to $15, as Gov. Andrew Cuomo has proposed. The report also looked at the potential job losses created by increasing the minimum wage to $12 across all industries.

"Our report shows that a massive increase in the minimum wage would actually hurt the very low-wage, low-skill workers it is supposed to help," said E.J. McMahon, president of the Empire Center. "The impact on job creation and employment opportunities would be substantial in every region of New York, especially upstate."


1 comment:

  1. "...could actually hurt the low-skill, low-wage worker it was intended to help."

    How charmingly quaint that some people believe that raising the minimum wage was intended to help the low-skill, low-wage worker.