The Raise the Wage Act would gradually raise the New York State minimum wage to $21.25 by 2026 downstate, and $20 upstate. Then beginning in 2027, the minimum wage across the entire state would be adjusted to reflect $21.25 plus an index of rising prices and gains in worker productivity. The legislation is supported by the bulk of recent rigorous economic research on the minimum wage, including five independent analyses of New York’s first-in-the-nation $15 minimum wage, which show that it raised pay for millions, reduced poverty, and did not hurt businesses or job growth. Overall, there is tremendous support for the Raise the Wage Act, which is backed by a broad coalition of over 150 unions and community organizations, more than 200 small business owners from across the state, and voters, with polling showing that 80% of voters, regardless of political affiliation, support the legislation.

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