We’re glad to see the state Assembly has passed a hike in the minimum wage to $9 an hour — and even more glad the bill includes yearly increases tied to the rate of inflation.
The Queens Chronicle is a pro-business newspaper, but we’re also pro-worker, and in this day and age — when the stock market is reaching all-time highs but the recession hardly seems to have ended for working men and women — a hike is warranted. The minimum wage has only gone up 10 cents in the last six years, while the portfolios of millionaire investors have gone up quite a bit more than that, to say the least.
We don’t believe raising the minimum will cause businesses many problems, especially not if they remember that their most important investments are made in people. We hope the Senate will pass the same bill and that Gov. Cuomo will sign it, soon.