What matches NYC’s new $15 minimum wage? — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily
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What matches NYC’s new $15 minimum wage?

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in HR Management,Human Resources

New York City fast-food workers stand to make at least $15 per hour by 2018 if New York’s Labor Commissioner agrees next month to approve a recommendation of the state’s Wage Board.

The move—plus organized labor’s “Fight for $15” campaign—has rekindled debate about raising the national minimum wage. But, labor economists point out, New York City is one of America’s priciest locales. A minimum wage that barely helps employees make ends meet there might be considered lavish elsewhere.

To put it in perspective, the Pew Research Center calculated what it would cost to give employees in other cities the same purchasing power. Some examples:

New York City  $15.00

Chicago  $13.07

Fresno, Calif.  $12.00

Cincinnati  $11.10

Anniston, Ala.  $10.43

Source: Pew Research Center, August 2015

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