With overwhelming support from New Yorkers across the state, we were able to increase the state's minimum wage as part of the 2013-14 state budget. Thanks to the Assembly Majority's long-fought effort to provide a more livable wage for working families, soon thousands of hardworking families dependent on minimum-wage salaries will have a little more money in their pockets.
The 2013-14 state budget increases the state's minimum wage to $9.00 per hour by 2016. The wage will gradually increase over the next three years from $7.25 to $8.00 per hour on Dec. 31, 2013; to $8.75 on Dec. 31, 2014; and then to $9.00 per hour on Dec. 31, 2015.
This increase to the minimum wage is also good news for businesses and our economy, as it will jumpstart consumer spending in communities across the state. That's because minimum wage workers are also customers and are more likely to spend any increase in income immediately and locally. A detailed description of the economic benefits to businesses is available here: http://assembly.state.ny.us/ssspolicy/2013minwage.pdf.
As the gap between the rich and poor grows wider, we must do everything we can to help those who work full time and yet struggle to maintain a household. The Assembly Majority has fought hard to level the playing field for working families, and with this increase, we can help families earn a little extra, providing them with a better quality of life.