New York governor signs bill raising minimum wage to $15

("Money" by Pictures of Monday, CC BY 2.0)

NEW YORK (AP): Gov. Andrew Cuomo has signed a law that will gradually raise New York’s minimum wage to $15.

Cuomo and Democratic presidential candidate Hillary Clinton marked the occasion Monday at a Manhattan rally with labor leaders and workers.

Cuomo said the law will grow the state’s economy and improve New Yorkers’ lives.

Clinton called it “a great day for our state” and predicted the movement will “sweep our country.”

The law also establishes paid family leave for New York workers.

The law gradually raises the minimum wage to $15 in New York City by the end of 2018 and in some prosperous suburbs by the end of 2021.

The minimum wage would only rise to $12.50 in the rest of the state by 2020, with further increases tied to economic indicators.

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