Assemblyman Frank Skartados (D-Milton) has announced that legislation that he sponsored to increase the minimum wage to $9.00 per hour on January 1, 2014 has passed the Assembly (A.38-A). It also would ensure that food service workers who receive tips are compensated at least $6.21 per hour. The change would directly benefit 925,000 New Yorkers currently earning below $9.00 an hour – over 10 percent of the state’s employed population.
"We must raise the minimum wage in New York State, to ensure working families here in the Hudson Valley and across New York State can meet their most basic needs," Assemblyman Skartados said.
The legislation passed by the Assembly would ensure future minimum wage increases are based on changes to the Consumer Price Index, and would not be subject to politics. This commonsense provision would ensure minimum wage will be indexed to inflation, beginning in 2015, Assemblyman Skartados noted.
Studies show that minimum wage is good for business. An increased minimum wage will result in lower employee turnover, and increase productivity. This will save employers money by reducing substantial recruitment, retraining and re-staffing costs. It also puts all companies on a levelplaying field, so no business is left at a competitive disadvantage, Assemblyman Skartados added.
"Raising the minimum wage will help stimulate our local economy and help struggling families make ends meet," said Assemblyman Skartados. "The time has come for the Senate to finally pass this minimum wage increase."