In 2016, New York State enacted minimum wage increases to $15 on different timetables for Upstate/WNY, Long Island/Westchester, and New York City, but did not include cost of living adjustments after reaching $15. New Raise the Wage Act legislation would fix this.

As business owners and executives, we support raising New York’s minimum wage. We can’t build a resilient economy and thriving communities on a minimum wage that’s too low for people to live on.

Workers are also customers. When people earn more as workers, they can afford to spend more as customers. Minimum wage increases go right back into the economy as spending at local businesses.

Raising the minimum wage is good business. Low-wage businesses have more trouble hiring and retaining employees, as workers look elsewhere to make ends meet. Raising the minimum wage pays off in lower employee turnover, lower hiring and training costs, increased productivity, and better customer service, which keeps customers coming back.

We support legislation that would gradually raise the minimum wage to restore lost buying power and then adjust the minimum wage annually to keep up with increased cost of living and labor productivity so that the minimum wage does not lose value. The minimum wage would increase as follows, starting in January 2024:
SIGN-ON IS FOR BUSINESS PEOPLE.
Public list of signers will only include name, title, business or business org., city, state, and website if provided.
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