- January 1, 2016
- Fiscal Policy Institute
- Staff Report
The Empire Center and American Action Forum (EC/AAF) have released a report, “Higher Pay, Fewer Jobs,” predicting that Governor Cuomo’s proposal to phase New York’s minimum wage up to $15 by 2021 statewide (and by 2018 in New York City) would result in the loss of hundreds of thousands of jobs across the state. But while the impact of a proposed minimum wage increase on New York’s workers, businesses and economy is an important question, the EC/AAF report sheds little light on the answer.