What’s News, Breaking: Tuesday, January 10, 2023
NEW PLAN WOULD INDEX MINIMUM WAGE TO INFLATION
STATEWIDE – A new plan to help low-wage New Yorkers aims to meet the rising cost of living by indexing New York’s minimum wage to inflation, Gov. Kathy Hochul announced on Tuesday. Under the proposal, the State’s minimum wage would increase each year at a rate determined by the Consumer Price Index for Wage Earners for the Northeast Region — the best regional measure of inflation, a proposal that is expected to benefit hundreds of thousands of minimum wage workers across New York State.
The Governor also unveiled a new suite of bold initiatives to both modernize and streamline the State’s proven workforce development infrastructure to ensure New Yorkers have the skills they need to thrive in today’s economy, as well as rebuild a modern public sector workforce.