Thomas Michl is a professor of economics at Colgate University. Thomas Michl | Special to Syracuse.com Gov. Andrew Cuomo's proposal to raise the minimum wage to $15 per hour in New York City by 2019 and in the rest of the state by mid-2021 deserves the widespread support it has received. Some critics misleadingly assert this is an excessive increase that will wind up hurting low-income workers. In fact, a new report issued by the Center on Wage and Employment Dynamics at University of California at Berkeley's Institute for Research on Labor and Employment (IRLE) estimates that increasing the state minimum wage will raise pay directly and indirectly by an average $4,900 (in 2015 dollars) for...
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