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After decades of wage stagnation, earnings are rising across the board following the introduction of the $15/hour minimum wage. Wages do not reflect the productivity gains of the last several decades, and many New Yorkers can’t make ends meet — let alone move up the ladder. A
low-wage home health aide, for example, puts in extraordinarily long hours but struggles to support their family without such basics as
health insurance or paid sick leave. An aspiring entrepreneur with a great idea for a new business can’t secure funding or find an affordable space to start their company.
We must adopt policies to build an inclusive economy, because when economic growth is pursued as a strategy — a means rather than an
end — it becomes a key driver to achieve wider social benefits. OneNYC2050 will ensure all New Yorkers have the right skills and education for 21st century jobs, fair pay and good working conditions, as well as opportunities for career advancement, economic mobility, and wealth creation.
