Gov. Kathy Hochul's plan to raise New York state's minimum wage ties the increase to the rate of inflation, but caps it at 3% in any one year. Progressive lawmakers say it doesn’t go far enough to ensure workers' paychecks meet the rising costs of living.
Donate NowGov. Kathy Hochul and state lawmakers agree that New York state’s minimum wage should be raised and automatically adjusted to account for inflation.Under Hochul’s proposal, the minimum wage would rise modestly to $16.40 downstate by 2026. The governor’s plan ties the minimum wage to the rate of inflation but caps the increase at 3% in any one year.
“We are talking about folks who do all sorts of important service work, but only make the minimum wage,” Ramos said. “And it is why it's so important that we allow these workers to make enough to keep a roof over their heads and put food on the table for their families.” Hochul’s plan would benefit about 1.1 million low-wage workers, according to the Economic Policy Institute. The Ramos-Joyner proposal would benefit 2.9 million low-wage workers, or about 32% of the state’s workforce.
The earnings go toward paying utilities, groceries, and the $2,350 monthly rent on the two-bedroom apartment he shares with his mother and younger sister. His mother, Rivera says, earns about $30,000 a year working for an insurance company, but her salary is not enough to cover all the bills.
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