Possible Minimum Wage Hike in NY

New York Assembly Speaker Sheldon Silver is pushing legislation that would increase the state’s minimum wage from $7.25 to $8.50 an hour, and would then adjust it for inflation every year.

Silver says census numbers show nearly half of the U.S. population has fallen into poverty or joined the ranks of the working poor.

A spokesman says Governor Andrew Cuomo has supported previous proposals to raise the minimum wage and will review this one.

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