• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K

1

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch

2

Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii

3

Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
LeadershipMinimum Wage

New York is first to pursue a $15 minimum wage for an entire state

Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
Down Arrow Button Icon
Claire Zillman
By
Claire Zillman
Claire Zillman
Editor, Leadership
Down Arrow Button Icon
September 10, 2015, 3:15 PM ET
Andrew Cuomo
New York Gov. Andrew Cuomo delivers his State of the State address and executive budget proposal at the Empire State Plaza Convention Center on Wednesday, Jan. 21, 2015, in Albany, N.Y. (AP Photo/Mike Groll)Photograph by Mike Groll — AP
Add Fortune on Google for similar content.

The so-called Fight for $15 is nearly three years old, and in its short history it has achieved significant victories, as cities like Seattle, San Francisco, and Los Angeles have adopted $15 minimum wages.

But so far, all those successful campaigns have come at the city and county levels. That could change thanks to an announcement made by New York Governor Andrew Cuomo, alongside Vice President Joe Biden, on Thursday at the Jacob Javits Convention Center in New York City. Cuomo is seeking a $15 minimum wage for all of New York—the first statewide push of its kind.

“This is a whole new ballgame,” says David Cooper, an analyst at the Economic Policy Institute, a left-leaning think tank. “We’ve seen some of these efforts at city level … but for a state to be proposing it, this is a big deal.”

In announcing the statewide proposal, Cuomo, a Democrat, struck a tone of seeking justice. “Every working man and woman in the State of New York deserves $15 an hour as a minimum wage. [I]f you work full time you should not live a life in poverty, period.”

New York’s minimum wage currently stands at $8.75 and is set to increase to $9 at the end of the year. Some low-wage workers in the state are already expecting an additional pay boost. In July, the state’s wage board suggested raising the minimum wage of all fast-food workers to $15—a recommendation that was approved recently by the state’s labor commissioner. Cuomo was able to target fast-food workers’ wages outside the legislative process because the state empowers the labor commissioner or a wage board to assess whether pay for a particular job is sufficient.

On Thursday, Cuomo said that if fast-food workers deserve $15 per hour, so do construction workers, home health care aides, and taxi drivers. The new minimum wage for fast-food workers “is a great step forward,” he said. “But this is New York, and New York doesn’t believe in just taking one step forward…. Soon we’re walking and soon we’re running.” He said a $15 minimum wage statewide would “herald a new economic contract with America.”

Cuomo is pursuing a legislative route, but it’s unlikely to be a smooth ride. The proposal will no doubt face opposition as it will apply a $6 increase across the entire state, where the local cost of living runs the gamut. The median cost for a two-bedroom apartment, for instance, is nearly three times as expensive in Brooklyn as it is in Buffalo. And a release from the Employment Policies Institute, a conservative nonprofit, on Thursday noted that $15 per hour is close to the median wage in some areas of the state such as Rome, New York, where it’s $15.91. It’s also worth noting that while New York City Mayor Bill de Blasio—with whom Cuomo has an ongoing feud—has called for a $15 hourly rate for the city, he’s suggested a $13 minimum wage for the rest of the state.

Cuomo on Thursday said the proposed $15 minimum wage would be phased in over time, but didn’t offer specifics. Nor did he touch on the state’s diverse costs of living. Instead, he simply said that he wanted to “bring [the] crusade for economic justice to every corner of the the state.”

“For a single state to [set a $15 minimum wage], it’s hard because, yes, certain parts of the state have a higher cost of living,” Cooper says, but “the reality is that we should’ve done a lot more at the federal level in the past 40 years and policymakers at every level of government are trying to make up lost ground.” Cooper says that if the federal minimum wage had kept up with American workers’ productivity, it would be somewhere in the $18 or $19 per hour territory.

Minimum wages haven’t kept up and, as a result, there’s a significant gulf between the appropriate rates—according to Cooper’s calculations—and where wages are now. And that’s why wage increases to $15 per hour so far have come at the local level. The higher cost of living in places like Seattle, San Francisco, and Los Angeles gives lawmakers firmer footing to argue for bigger wage hikes to bring the minimum wage closer to where some argue it should be.

The question is, should an entire state join that group?

Cooper argues that to bring the minimum wage up to a proper level, based on worker productivity, the largest geographic region possible—a state or, ideally, the federal government—should set a “strong wage floor” and let municipalities establish their own rates based on how much it costs to live there.

About the Author
Claire Zillman
By Claire ZillmanEditor, Leadership
LinkedIn iconTwitter icon

Claire Zillman is a senior editor at Fortune, overseeing leadership stories. 

See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Leadership

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Leadership

U.S. Treasury Secretary Scott Bessent
EconomyDebt
AI’s $2.2 trillion deficit fix is already half fake, economists say
By Tristan BoveJuly 2, 2026
11 hours ago
Mark Zuckerberg, wearing a white shirt, smiles. He is standing in front of a crowd.
SuccessMark Zuckerberg
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the ‘highest-quality beef in the world’ on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
13 hours ago
Chris Hulatt co-founder of Octopus Group
SuccessHow I made my first million
A 2-year taste of the office was enough to make 3 grads quit. Now they run a $13.2 billion investment firm: ‘We didn’t want a traditional job again’
By Orianna Rosa RoyleJuly 2, 2026
14 hours ago
Woman taking photo in scenic landscape
Successlifestyle
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
15 hours ago
Jason Lemkin
Successwork-life balance
This investor won’t back startups unless staff are in the office 6 days a week: ‘Not because I don’t have empathy, because they’re going to fail’
By Preston ForeJuly 2, 2026
15 hours ago
The true cost of Donald Trump’s $2.2 billion year
NewslettersCEO Daily
The true cost of Donald Trump’s $2.2 billion year
By Diane BradyJuly 2, 2026
20 hours ago

Most Popular

As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
Big Tech
As Big Tech showers employees with perks to win the talent war, Nvidia built a nearly $5 trillion company by making people pay for their own lunch
By Marco Quiroz-GutierrezJuly 1, 2026
2 days ago
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
Success
Mark Zuckerberg feeds his cows macadamia nuts and beer to create the 'highest-quality beef in the world' on his $300 million estate in Hawaii
By Sasha RogelbergJuly 2, 2026
13 hours ago
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
Success
Today, Emily Blunt is worth $80 million thanks to her Hollywood career—but she actually wanted to be a UN Spanish translator on $80K
By Orianna Rosa RoyleJuly 2, 2026
23 hours ago
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
Success
Americans are escaping the U.S. for New Zealand where house prices have hit a new low—but only wealthy Americans with $3 million spare can invest
By Emma BurleighJuly 2, 2026
15 hours ago
Current price of oil as of July 2, 2026
Personal Finance
Current price of oil as of July 2, 2026
By Joseph HostetlerJuly 2, 2026
17 hours ago
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
Success
MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year
By Sydney LakeJune 25, 2026
8 days ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.