
Governor Cuomo Details Impact of Minimum Wage Increase on New York Workers and the Economy
1.35 Million Workers Will Experience Higher Wages; $3.4 Billion Direct Economic Value Statewide
Governor Andrew M. Cuomo recently detailed the projected impact from a
minimum wage increase from the current $8.75 to proposed $10.50 statewide
and $11.50 in New York City. In total, more than 1.35 million workers
will experience an increase in wages statewide, with the majority of benefits
going to adults and women. The direct economic value across the state
as a result of these higher wages is approximately $3.4 billion.
“The minimum wage should allow people who work full-time jobs to
support themselves and their families – but that is just not possible
today,” Governor Cuomo said. “Our proposal will help hundreds
of thousands of New Yorkers better sustain themselves and live with dignity
and respect. The State Legislature must pass our proposal this year, because
the sweetest success is shared success and we won’t rest until we
are all rising together.”
A statewide regional breakdown of the 1.35 million New Yorkers who will
experience higher wages, as well as the projected direct economic value
of the minimum wage increase can be viewed
here and below.
Region |
Total Minimum Wage Workers Today at $8.75 |
Total Minimum Wage Workers at $10.50
|
Direct Economic Value of Increased Minimum Wage |
Capital District |
34,969 |
82,946 |
$156.8M |
Central New York |
23,536 |
55,827 |
$105.5M |
Finger Lakes |
37,628 |
89,254 |
$168.7M |
Long Island |
85,264 |
202,248 |
$382.3M |
Hudson Valley |
60,584 |
143,706 |
$271.6M |
Mohawk Valley |
13,050 |
30,955 |
$58.5M |
North Country |
10,374 |
24,608 |
$46.5M |
Southern Tier |
18,248 |
43,284 |
$81.8M |
Western New York |
43,074 |
102,172 |
$193.1M |
New York City |
267,274 |
571,800 |
$1.9 billion |
Total: |
594,001 |
1,346,800 |
$3.4 billion |
The Governor is urging New Yorkers to join the #Fight4FairPay campaign by contacting their State Legislators; details are available on the Fight for Fair Pay website.
ATTN TV STATIONS: Video of Governor Cuomo calling on New Yorkers to support his proposed
minimum wage increase can be viewed on YouTube
here and downloaded in TV-quality (h264, mp4) format
here. A transcript of the audio is below.
Why Raise the Minimum Wage?
A reasonable minimum wage can help improve the standard of living for
workers, reduce poverty, encourage fair and more efficient business practices,
and ensure that the most vulnerable members of the workforce can contribute
to the economy. An increase in the minimum wage will affect women and
adults most, and lift more than 100,000 New Yorkers out of poverty.
More than 594,000 New Yorkers earn the current minimum wage of $8.75 per
hour. The State has taken action to raise the minimum wage incrementally
from $7.25, when Governor Cuomo came to office, to $9.00 by the end of
2015. This progress has been important, but it has not been enough to
make up fully for a trend that had seen the minimum wage fall far below
the average hourly wage in the state, now over $30. The Governor proposes
to again raise the minimum wage to increase earnings for many wage earners
in low-income households, which will also aid local economies.
Transcript of Governor discussing minimum wage (in Rochester on March 4, 2015):
"And what we’re saying in this crusade to raise the minimum
wage is if you believe in a strong economy, the New York way – the
American way – then make this economy work for everyone."
"Because we believe in opportunity for all, that’s what this
state and this country is all about. So we celebrate it when it’s
working for the people at the top end but we celebrate it more when it’s
working for every New Yorker – and that’s what this crusade
is about, that’s what we want those legislators to hear in Albany
and our voice says to them don’t come home to Rochester and don’t
come home to New York City and Long Island until you raise the minimum
wage. So you can look every New Yorker in the eye and say this government
represents you and this state represents you. Thank you and God bless
you."