Kind of reminiscent of those Oprah Winfrey giveaways – You get a free car, and you get a free car… Etc.
New York Governor Andrew Cuomo is set to announce a massive “free” money giveaway, with a proposal to raise the statewide minimum wage to $15. It would be the highest full-scale rate in the nation, and guarantee that the man who frequently touts his state being “open for business,” would kill off thousands of jobs.
It is a full $5.53 higher than any other statewide rate.
Via the Wall Street Journal:
New York Gov. Andrew Cuomo on Thursday will propose a $15 hourly minimum wage for all workers, according to people familiar with the matter, which would give the state the highest pay floor of any in the nation.
The push by Mr. Cuomo, a Democrat, comes after he moved earlier this year to boost the minimum wage for fast-food workers in the state. The state’s minimum hourly wage across all industries is now $8.75 and is set to increase to $9 at year’s end.
Several U.S. cities, including Los Angeles, San Francisco and Seattle, have passed measures to raise their minimum wages to $15 an hour, though they won’t reach that level for years. Lawmakers in Oregon and California also are contemplating setting their statewide hourly level as high as $15. The highest current statewide hourly wage is $9.47, in Washington state.