- Associated Press - Tuesday, February 2, 2016

ALBANY, N.Y. (AP) - New York’s economic development commissioner says boosting the minimum wage to $15 would be an economic stimulus, putting more money into circulation.

Howard Zemsky, head of Empire State Development, tells legislators Tuesday that Gov. Andrew Cuomo’s proposal would raise people out of poverty who will spend and circulate that money.

Cuomo wants the general state minimum wage incrementally increased from $9 to $15 in New York City by the end of 2018 and in 2021 elsewhere.

Zemsky says businesses are resourceful, and he doesn’t believe there’s any segment that can’t adapt over the six-year rollout.

Business Council of New York Vice President Kevin Pokalsky says Cuomo’s plan may be the single most costly legislative proposal ever considered by lawmakers, one that will unintentionally cost jobs, especially upstate.

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