Governor Kathy Hochul aims to tackle a challenge in New York State’s law regarding minimum wage. This law dictates that if job losses occur, the minimum wage can’t increase the following year. The state has seen a reduction of about 31,000 jobs from January to July this year. Despite the governor’s assurance that this drop is minor, it triggers the provision that halts a wage hike due to unemployment rates.
The data from the Bureau of Labor Statistics confirms the job loss figures. The governor’s office is keen on finding a solution to counteract this aspect of the law.
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