NY Small Business Owners Protest $15 Minimum Wage

Small business owners in New York have registered dissent against Gov. Andrew Cuomo’s plan to raise the minimum wage in the state to $15 per hour, the highest minimum wage in the country.

In November last year, Cuomo announced that New York will raise the wages of permanent and seasonal workers to $15 by 2021. The business owners gathered in Albany on Tuesday to reject the proposal, claiming that the tax cut offered to ease the process is too little to offset the cost.

Small businesses generate roughly $950 billion in revenues annually and created 2 million jobs in 2014.