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  • $15 minimum wage would create $6.5 billion for NYC economy, state report says

    02/10/2016 6:09:31 PM PST · by BenLurkin · 91 replies
    nydailynews.com ^ | 02/10/2016 | blenn bain
    Raising the minimum wage to $15 an hour would benefit 927,400 city workers and pump $6.5 billion into the city's economy, according to state Labor Department report released Wednesday. The report predicted that Gov. Cuomo’s proposal for a $15 minimum wage would boost wages for 2.3 million workers across the state and generate $15.7 billion for New York's economy through increased consumer spending. ... Release of the report came a day after state Senate Majority Leader John Flanagan (R-Suffolk County), who has expressed reservations about Cuomo's plan, said Senate Republicans needed more information about the proposal's impact. A report produced...