Business Groups Unify To Fight $15 Minimum Wage
ALBANY, N.Y. (AP) — Several of New York state's largest and most influential business groups are coming together to fight Gov. Andrew Cuomo's call for a $15 minimum wage.
The coalition includes the Business Council of New York State, the state Farm Bureau, the Restaurant Association, Associated General Contractors of New York and several others. The organized opposition comes two months before lawmakers reconvene in Albany.
The coalition, which is sending a formal letter of opposition to Cuomo on Wednesday, says the Democratic governor's proposal to gradually phase in a $15 minimum wage will burden businesses and force them to raise prices.
Cuomo says the increase would be accompanied by tax incentives to help businesses absorb the higher labor costs.
The state's minimum wage is now $8.75.