Changing minimum wage freeze doesn’t fix New York’s high cost of living
There was a reason that the wise old state legislators who drafted New York’s minimum wage law back in the good old days of 2023 included conditions that would freeze otherwise automatic minimum wage increases. The conditions - tied to situations in which the consumer price index actually went down, increases in unemployment or decreases in employment - were meant to protect the state’s business community when traditional economic measures showed too many of them couldn’t handle an automatic increase in the state’s minimum wage. Of course, Hochul was in the room at the time ...