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General News    H3'ed 7/23/15

New York Plans $15-an-Hour Minimum Wage for Fast Food Workers

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NYC Rally To Raise The Minimum Wage
NYC Rally To Raise The Minimum Wage
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'A panel appointed by Gov. Andrew M. Cuomo recommended on Wednesday that the minimum wage be raised for employees of fast-food chain restaurants throughout the state to $15 an hour over the next few years. Wages would be raised faster in New York City than in the rest of the state to account for the higher cost of living there.'

With this move, NY will bring its minimum wage up to a livable wage, at least for some workers.  But the effect is expected to spillover to other job categories as well.  The panel recognized that benefits paid to supplement non-livable wages were an indirect subsidy for some of the richest corporations on Earth and that was simply not affordable for city and state governments anymore.  A few jobs might disappear, but those were probably going to be replaced with automation in a few years anyway, and weren't 'real' jobs since as much as half the indirect income came from government not the job.  Now at least, employers will do what they are supposed to be doing - providing a wage that people can actually afford to live on.

Read the rest of the story HERE:

At www.nytimes.com

 

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Scott Baker Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

Scott Baker is a Managing Editor & The Economics Editor at Opednews, and a blogger for Huffington Post, Daily Kos, and Global Economic Intersection.

His anthology of updated Opednews articles "America is Not Broke" was published by Tayen Lane Publishing (March, 2015) and may be found here:
http://www.americaisnotbroke.net/

Scott is a former President of Common Ground-NYC (http://commongroundnyc.org/), a Geoist/Georgist activist group. He has written dozens of articles for (more...)
 

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