Cuomo says Minimum Wage Increase will have $3.4 Billion Direct Economic Value

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cuomoGov. Andrew Cuomo has detailed the projected impact of a minimum wage increase from the current $8.75 to his proposed $10.50 statewide and $11.50 in New York City, according to a press release.

In total, Cuomo said more than 1.35 million workers will experience an increase in wages statewide, with the majority of benefits going to adults and women. In addition, he said the direct economic value across the state, as a result of these higher wages, will be approximately $3.4 billion.

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