Corporate Shill Andrew Cuomo Raises NY Minimum Wage to $15

He's a corporate shill as he supports Hillary Clinton and anyone who does that does it because they are a corporate shill.

Yet it is perplexing to consider: why would a corporate shill raise the MW to $15 an hour?

This tells us something:

1. Either corporate shills aren't as bad as Bernie would have us think

2. Or if they are every bit as bad, then Andrew Cuomo is not a corporate shill

3. Which would mean that Hillary isn't a corporate shill.

This is too weird. I thought you couldn't support her for any reason except that you are a corporate shill.

Anyway, it's true, my state of NY, the great state of NY, has raised the MW to $15 an hour in the face of considerable GOP and industry opposition. Good on him and good for NY.

"Gov. Andrew M. Cuomo and state legislative leaders announced on Thursday that they had reached a budget agreement that would raise the minimum wage in New York City to $15 by the end of 2018, but initiate slower increases elsewhere, even in the city’s wealthy suburbs."

"For Mr. Cuomo, the wage agreement came with clear concessions, as some lawmakers outside the city won a softer phase-in period. Long Island and Westchester County will not reach a $15 wage for nearly six years; areas north of Westchester are assured only of reaching $12.50 by 2021."

"In announcing the $15 wage, New York became the second state to embrace that threshold; California lawmakers passed a similar measure only hours earlier on Thursday. The movement began in earnest in New York City in late 2012, when fast-food workers began the so-called Fight for $15, which became a nationwide effort to increase wages and support unions."

"The wage issue was one of the final obstacles to reaching a timely accord on the next state budget, estimated to be more than $150 billion, which mixes high-profile policy measures with nuts-and-bolts infrastructure spending and aid to schools."

"With the minimum wage deal and another hard-fought measure — one that would eventually provide employees across the state 12 weeks of paid time off to care for newborns or sick relatives and for families dealing with military deployments — the governor was able to claim victory on two signature issues."

http://www.nytimes.com/2016/04/01/nyregion/new-york-budget-deal-with-higher-minimum-wage-is-reached.html

It will be interesting to see the impact of this. As a liberal, I believe it will be good. But again, while a $15 wage sounds very good, its only good assuming you find gainful employment. 

We are now in the throes of what economists call a natural experiment. The wage won't hit $15 at every part of the state overnight and economists will be able to gauge its impact. Still it will be interesting to watch. 

In the next few years economists are gong to have some real data for their natural experiment on higher minimum wages and their effects. 

A great day for NY.