N.Y. lawmakers propose minimum wage boost to $15 per hour

A group of New York City legislators is working to boost the minimum wage to $15 per hour for employees at businesses that make more than $50 million annually or have more than 10 franchises. Opponents of the bill say it does not consider the economics of the franchise industry. "I think there may be a lack of understanding of how narrow the margins are in these franchise businesses, and I would like to see a study and analysis with industry input before the legislators go off kind of half-cocked to legislate in an area where I doubt they have the information they need to write a sound bill," Partnership for New York City President and CEO Kathryn Wylde said.

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