Bill > S04514

This bill requires the New York State Commissioner of Labor to prepare and submit an annual report by September 30th that provides a comprehensive analysis of the state's economic conditions, focusing on cost of living, poverty rates, and minimum wage adequacy. The report must utilize multiple economic measures like the True Cost of Economic Security (TCES), MIT Living Wage Calculator, and Economic Policy Institute Family Budget Calculator to assess living costs. The analysis must break down data by demographic factors including race, ethnicity, gender, age, disability status, household size, profession, and education level, and will cover four distinct regions of the state: New York City, suburban counties, Hudson Valley counties, and the remaining counties. Additionally, the report must compare New York's minimum wage with those in other high-cost states and cities like Washington, California, Hawaii, Seattle, and San Francisco. The commissioner will form a three-person advisory committee with appointees from the governor, senate president, and assembly speaker to help determine the report's methodology and provide guidance. This bill aims to provide a detailed, nuanced understanding of minimum wage effectiveness and economic challenges across different New York communities.

Labor and Employment

https://www.nysenate.gov/legislation/bills/2025/S4514