Governor Kathy Hochul's proposal would link New York's minimum wage with the inflation rate, triggering automatic wage increases as the cost of goods rises.
Make your contribution now and help Gothamist thrive in 2023.Gov. Kathy Hochul wants to link New York’s minimum wage with the rate of inflation, a change that could trigger automatic increases to a wage floor that has remained stagnant in recent years.on Tuesday, comes as New York’s average price of goods has increased by 13% since October 2020, cutting the purchasing power of minimum wage workers by more than $1.75 an hour, according to the governor.
In Seattle, the minimum wage recently increased to $18.69 – an 8% jump – as a result of the Consumer Price Index. Arizona, Ohio and South Dakota were all on track to see rates rise by about $1 an hour. Across California the minimum wage recently rose to $15.50, with rates above $17 in several cities.
“Like everything else, the devil's in the details,” Ramos said after Hochul’s speech. “My understanding is that she might be proposing a cap on what those annual increases might be. So I'm eager to find out what the details on that are.”
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