As a part of state budget negotiations, New York legislators and Governor Andrew Cuomo have agreed upon a plan that would gradually raise minimum wage over the next three years. The minimum would extend from $7.25 to $8 next year, $8.75 at the beginning of 2015, and $9 at the beginning of 2016, and would be accompanied by $700 million in new tax breaks for businesses and families.
Labor leaders cheered the decision. “If this stays on track to get to $9,” said Strong Economy for All Coalition executive director Michael Kink, “Then workers all over the state are going to get a real raise, and that’s a good thing.”
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