Governor Cuomo’s State of the State will address his proposal to the New York State Legislature to increase the state’s minimum wage from $8.75 per hour to $10.50 and to $11.50 in New York City. The proposal will face a challenge from the Republican controlled State Senate. Many conservatives and fiscal libertarians will argue minimum wage increases will hurt the economy, and some may even argue that we should completely abolish the minimum wage. If the proposal passes, it will be the first time in history that the city’s minimum wage differs from the rest of the state.
Governor Cuomo said, “The time to fix the roof is when the sun is shining, and the sun is shining in New York.”
Cuomo says that the New York economy is stable enough to withstand the minimum wage increase. With many people leaving New York, and the state ranked last in so many categories, including the worst state to retire in….I can not agree with the Governor’s bold conclusion that New York’s economy is doing well.
I certainly don’t see the sun shining on New York!