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New York Gov. Cuomo signs $15 minimum wage law!


Jon Snow

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(Photo: Gov. Andrew Cuomo via Twitter)



NEW YORK — New York Gov. Andrew Cuomo has signed a law that will gradually raise the state’s minimum wage to $15.


The ceremony on Monday took place as labor leaders, advocates and minimum wage workers attended a victory rally nearby, at the Jacob Javits Convention Center in Manhattan.


Cuomo and Democratic presidential candidate Hillary Clinton joined them a short time later.


The law also establishes paid family leave for New York workers.


The law gradually raises the minimum wage to $15 in New York City by the end of 2018 and in some prosperous suburbs by the end of 2021.


The minimum wage would only rise to $12.50 in the rest of the state by 2020, with further increases tied to inflation and other economic indicators.


Also on Monday, California Gov. Jerry Brown signed a bill raising his state’s minimum wage to $15 an hour by 2022.



 

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NYS residents how do you feel about the new min. wage? Personally I'm happy af 

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I live in NYC. It depends really. If they'll be able to successfully verify my credentials and allow me to take the state exam for my profession, then this isn't going to affect me otherwise I'll be happy.

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But isn't the cost of living extremely high in New York?? Like, for the same price, you can get a nice, fairly spacious house in a suburb, while you get a pigsty the size of a chicken coop in New York?? I've heard that the quality of life in New York is pretty low. I know I wouldn't stand living in NYC. Just thinking about it makes me shudder.

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Let's discuss what's stopping things from only becoming that much more expensive to offset this? Maybe I shouldn't be so pessimistic but I really wish they made better steps to decrease the cost of living before this. I haven't read into this details though, admittedly. 

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I just don't know about a minimum wage that high. Business cannot afford to take the loss, they will pass the cost onto the consumer. It is not the national chains I am afraid for. It is the Mom and Pop independents that make just enough to survive that I am concerned about. No I don't see raising the minimum wage as a bad thing. But take a look at Seatle which has already passed that same law. New restaurants are not popping up, new jobs are less likely to be created. The law won't kill economic growth but it will slow it down in a time when we cannot afford to have another slowing in the economy.

 

As to people who say that this won't slow economic growth. The basic principle of a wage is that you get paid for the value of the work that you do. If you get paid more than the job you are doing is worth than the company losses money. Now imagine if every single employee was overpaid. Cuts would come. Owners will turn to automation in an effort to cut cost. It's basic economics.

 

I just worry over the long term effect of such legislation on the job pool for newer workers and those in sectors where small business can not afford to run at such a higher cost.

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is it just NYC?

But isn't the cost of living extremely high in New York?? Like, for the same price, you can get a nice, fairly spacious house in a suburb, while you get a pigsty the size of a chicken coop in New York?? I've heard that the quality of life in New York is pretty low. I know I wouldn't stand living in NYC. Just thinking about it makes me shudder.

That's in most US major cities though? Standard of living in New York state in general is really high.

 

You could buy a 2500 sq ft home in upstate NY for $400k - $700k. Go to the southern states and it could probably be half that price tbh.

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is it just NYC?

That's in most US major cities though? Standard of living in New York state in general is really high.

 

You could buy a 2500 sq ft home in upstate NY for $400k - $700k. Go to the southern states and it could probably be half that price tbh.

 

Nope, it's gonna be in California, too. But from what I know, it's just approved by the senators and legislators--I heard something about how it'll probably be put to vote or something like that. Hope not cuz you'd get a bunch of people voting against the minimum wage increase. But if it does pass here in California, they'll do a steady increase up to the $15 minimum wage by 2022. 

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is it just NYC?

That's in most US major cities though? Standard of living in New York state in general is really high.

 

You could buy a 2500 sq ft home in upstate NY for $400k - $700k. Go to the southern states and it could probably be half that price tbh.

I never said it was just in NYC. 

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people flipping burgers or selling ice coffee shouldnt be making that much imo

I disagree. For some people those jobs are the only income. They need to be able to feed their families. Of course this goes into other issues like welfare, education, and as another said consumer cost increase, but my opinion remains the same.

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