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Who cares
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Sponsors
Senator · Senate District 4
No co-sponsors yet.
History
- Referred to labor
Full text
The text isn't available here yet. Check nysenate.gov.
Sponsor's memo
Title of bill
An act to amend the labor law, in relation to the effects of the minimum wage increase on New York state businesses and workforce
Purpose
To call upon the Commissioner of the Department of Labor to compile and report annually to the Legislature, the number of businesses that have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage. These statistics should further show the number of jobs which were affected for appropriate compilation on a statewide basis.
Summary of provisions
Section 1. This bill amends subdivision 6 of section 652 of the labor law to mandate the Division of Budget to consider the information compiled on the number of businesses that have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage when it conducts analysis of the state of the economy.
Section 2. This bill amends section 21 of the labor law to require the Commissioner of the Department of Labor to compile and report to the Legislature the number of businesses that have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage. This bill also requires the Commissioner of the Department of Labor to establish a mechanism for businesses to report if they have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage.
Section 3. Effective Date.
Justification
In the fiscal year 2016-2017 budget vote, a phased in minimum wage increase was included in the final version of the State budget. Starting in 2019 the Division of Budget will conduct an annual study to review the impact of minimum wage increases and review the regional economic climate throughout the State based on well-established economic indexes and accepted economic factors. The Division of Budget will have authority to temporarily suspend any scheduled wage increase based on such study. Although this provision will provide some safety to businesses struggling to stay within New York, it fails to take into account the direct effect of the minimum wage increase on businesses.
This bill directs the Commissioner of the Department of Labor to compile and report to the Legislature the number of businesses that have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage. This bill requires the Commissioner of the Department of Labor to establish a mechanism for businesses to report if they have closed, moved out of New York State, reduced their number of employees, and/or halted planned expansions due to an increase in minimum wage. It also directs the Division of Budget to take these reports into consideration when conducting their economic analysis and deciding whether to suspend any scheduled wage increase.
Legislative history
New Bill.
Fiscal implications
To be determined.
Local fiscal implications
EFFECTIVE DATE : This act shall take effect immediately.
Summaries, headlines and scores are AI-generated from the official bill text. How we score bills. Source: NYS Open Legislation.