{"id":534108,"date":"2023-01-03T02:47:02","date_gmt":"2023-01-02T23:47:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/what-a-horrible-time-for-ny-to-be-raising-its-minimum-wage\/"},"modified":"2023-01-03T02:47:02","modified_gmt":"2023-01-02T23:47:02","slug":"what-a-horrible-time-for-ny-to-be-raising-its-minimum-wage","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/what-a-horrible-time-for-ny-to-be-raising-its-minimum-wage\/","title":{"rendered":"#What a horrible time for NY to be raising its minimum wage"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3493ec92672\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3493ec92672\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/what-a-horrible-time-for-ny-to-be-raising-its-minimum-wage\/#%E2%80%9CWhat_a_horrible_time_for_NY_to_be_raising_its_minimum_wage%E2%80%9D\" >&#8220;What a horrible time for NY to be raising its minimum wage&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CWhat_a_horrible_time_for_NY_to_be_raising_its_minimum_wage%E2%80%9D\"><\/span>&#8220;What a horrible time for NY to be raising its minimum wage&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/shutterstock_cash-money.jpg?quality=90&amp;strip=all\" \/><\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n        <\/aside>\n<p>With the start of the new year, the mandatory minimum wage for upstate workers is leaping up by a dollar, to $14.20\/hour. With inflation soaring, New York\u2019s labor market trailing and a recession feared on the horizon, it\u2019s hard to think of a worse time for such a jump.<\/p>\n<p>So what are those whip-smart progressives calling for? <em>More <\/em>increases. They never learn.<\/p>\n<p>Some years back, leftist radicals teamed up with labor to get lawmakers to agree to a stunning <em>67%<\/em> hike \u2014 from $9 to $15 \u2014 that would <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.ny.gov\/new-york-states-minimum-wage\/new-york-states-minimum-wage\">phase in over a few years starting in 2016<\/a>. The rate for workers in the city hit $15 in 2020, and for those in Westchester and Long Island, 2022.<\/p>\n<p>Meanwhile, New York state has yet to recover all its pre-pandemic jobs, even as the rest of the country more than recovered months ago. Unemployment here (4.3%) also lags the nation (3.6%). And young folks in New York just entering the job market, between 16 and 24 \u2014 i.e., those most affected by the minimum wage \u2014 have been especially hard hit. As of October, per state Comptroller Tom DiNapoli, 17.9% couldn\u2019t find work in the city, and 9.3% elsewhere in the state; nationwide, the figure was just 8.3% <\/p>\n<p>Yet now upstate businesses, already squeezed by inflation, will have to pay workers more, forcing many to simply cut jobs and\/or raise prices. As numerous <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.nber.org\/papers\/w28388\">studies have shown<\/a>, when faced with wage hikes, employers not only hire fewer workers, they also substitute higher-skilled workers for lesser-skilled ones.<\/p>\n<p>So the hike to $14.20 will not only worsen inflation, it\u2019ll also hurt post-COVID job recovery and stymie the employment prospects of low-skill workers.<\/p>\n<p>No matter: Progressives in the Legislature are already beating the drums for an even higher rate, $21, to phase in by 2026. That\u2019s a <em>233% <\/em>jump from the $9 rate in just 10 years.<\/p>\n<p>If the idea is to kill the state\u2019s economy completely and dash the hopes of younger, low-skilled workers, it\u2019s a fantastic plan. But for those workers, and everyone else feeling clobbered by higher prices and fearing a recession, it\u2019s sock in the mouth.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2023\/01\/02\/what-a-horrible-time-for-ny-to-be-raising-its-minimum-wage\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;What a horrible time for NY to be raising its minimum wage&#8221; With the start of the new year, the mandatory minimum wage for upstate workers is leaping up by a dollar, to $14.20\/hour. With inflation soaring, New York\u2019s labor market trailing and a recession feared on the horizon, it\u2019s hard to think of a&#8230;<\/p>\n","protected":false},"author":1,"featured_media":534109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/12\/shutterstock_cash-money.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[137901,71386,5069,43,98806,74150,3885,73620],"class_list":["post-534108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-1-2-23","tag-albany","tag-economy","tag-editorial","tag-kathy-hochul","tag-minimum-wage","tag-new-york","tag-upstate-new-york"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=534108"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/534108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/534109"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=534108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=534108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=534108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}