Originally posted by MattsCath
Doesn't minimum wage vary from state to state?
It depends. there if the federal minium of $5.15 but some states have taken the initaitave to raise the minium wage to a more reasonable rate depending on that states cost of living. Here is an excerpt of a letter from new york state Econimists to Gov Pataki to increase newyork's minium wage
An Open Letter on the Minimum Wage To Governor Pataki and the New York State Senate
June 8, 2001
Dear Senator:
_____We 80+ economists support legislative efforts to raise the minimum wage in New York State to $6.75 an hour. The Assembly has already passed a bill to this effect, and we urge Governor Pataki and the Senate to join in a bipartisan effort to make work pay in New York State.
_____Increasing the minimum wage to $6.75 in 2002 and tying further increases to the regional Consumer Price Index will significantly raise income for over 1 million New York workers. Most of the beneficiaries are adults, most are female, and the vast majority are members of low-income working families. This increase is certainly affordable in light of the fact that in 1968 the minimum wage was equivalent to well over $7.00 an hour expressed in current dollars, compared to $5.15 an hour now.
_____By increasing its minimum wage, New York would join a growing list of states where voters and political leaders have chosen to take control over wage policy rather than wait for Congress to act at the federal level. There are now ten states plus the District of Columbia with minimum wage levels above the current $5.15 federal level, including four neighbors: Vermont ($6.25), Massachusetts ($6.75), Connecticut ($6.70 as of 2002), and Rhode Island ($6.15). These states hold in common a high level of average income and a high cost of living, two factors that favor a state minimum higher than the inadequate national floor.
_____In its 1999 Economic Report of the President, the Council of Economic Advisors remarked that "the weight of the evidence suggests that modest increases in the minimum wage have had very little or no effect on employment." While controversy about the precise employment effects of the minimum wage continues, there is no reason to doubt that a modest increase in the minimum wage will achieve the intended goal of improving the well being of low-wage workers
Sincerely,