Another Mistake for New York State
Starting Jan 1st the great state of New York is going to raise its minimum wage. The wage hike is part of a three year increase finally settling at $7.15 an hour. Starting January first the new law will hike the rate up to $6.75 per hour as compared to the federal minimum wage law of $5.15 per hour. Now you may think this hike would be great for our economy and great for its workers, but it has a very negative effect on both.