Statement from Keith Mestrich, Amalgamated Bank President & CEO, on New York State Budget Agreement on $15/Hour Minimum Wage

NEW YORK – This morning, in response to New York State’s budget agreement on the statewide $15/hr. minimum wage, Keith Mestrich, President and CEO of Amalgamated Bank, said:
 
“Earning a living wage is not about economics, it’s not about politics, it’s about giving hard working people a chance at a better life. Thanks to Governor Cuomo’s steadfast leadership and vision, a living wage is now a reality for all New Yorkers.
 
"We commend the Governor, Assembly Speaker and Senate Majority Leader on crafting a plan that will bring minimum wage to $15 an hour over the next few years, as this will allow for businesses to adjust while also ensuring workers are given the chance to grow and succeed. As a result, because of our state leaders, New York is once again leading the nation on economic equity and helping to ensure that everyone gets the opportunity to improve their life."