Push in states for $20 minimum wage as inflation persists
ALBANY, N.Y. — Just years after labor activists persuaded a handful of states to raise their minimum wage to $15 per hour, workers initially thrilled with the pay bump are finding their hard-won gains erased by inflation. A bill in New York would raise the state’s minimum wage to $21.25 by 2026, and then adjust it each year going forward for inflation. Right now, minimum wage workers in New York City get paid $15, while the rest of the state is at $14.20. Barry Nicholson, the owner of four retail businesses in Corning, a city by the Finger Lakes in New York, said a wage increase to $21.25 would be “a smack in the face to small businesses.” “There is just no way I could handle that,” said Nicholson, who owns two UPS stores, and women’s accessories and modern home furnishings stores.
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