Published by the Manhattan Institute, City Journal analyzes urban policy. New York State has experienced a loss of approximately 31,000 jobs this year through July, according to updated data from the Bureau of Labor Statistics. Although Governor Kathy Hochul’s office considers this decline to be minimal, it is significant enough to activate a provision in the state’s minimum-wage law. This provision would freeze the minimum wage for the following year due to increasing unemployment.
Governor Hochul has promised to find a solution to this issue. The aim is to circumvent the provision so the minimum wage remains on track rather than being frozen. Ensuring wage growth continues is seen as crucial despite the unemployment figures.
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