FUNDING FOR CHASING THE DREAM IS PROVIDED BY THE
JPB FOUNDATION.
AND THE FORD FOUNDATION.
>> AT THE BEGINNING OF THE MONTH, THE STATE
LEGISLATURE APPROVED A BILL TO RAISE NEW YORK'S
MINIMUM WAGE FROM $9 AN HOUR TO AS MUCH AS $15 AN
HOUR.
THAT ALL DEPENDS ON WHERE IN NEW YORK YOU LIVE.
WORKERS LIVING UPSTATE WILL ONLY REACH 12.50 AN
HOUR AND THAT INCREASE WON'T BE FINAL UNTIL 2021.
THE WAGE INCREASE WAS HELD AS A VICTORY BY LABOR
UNIONS AND ORGANIZERS OF THE THE CAUSE.
FOR LOW WAGE OWNERS AND SMALL BUSINESS OWNERS, THE
PAY INCREASE COMES WITH UNCERTAINTY AND ANXIETY.
>> IT'S GONE UP TO WHERE IT'S A THOUSAND DOLLARS A
MONTH FOR JUST THIS.
>> REPORTER: JAQUI SHARES THIS APARTMENT WITH HER
HUSBAND AND TWO CATS IN COLONEE.
>> MY CLOSET, KITCHEN AND LIVING ROOM.
>> REPORTER: JORDAN MOVED TO SCHENECTADY 20 YEARS
AGO TO MEET HER HUSBAND'S FAMILY AND WHEN HER CAR
WAS STOLEN, SHE BECAME AN UNEXPECTED PERMANENT
RESIDENT.
WITHOUT A FORMAL DEGREE, SHE TOOK AN ENTRY-LEVEL
JOB WITH MCDONALD'S.
>> I'M 50.
I'M PROUD TO SAY IT.
I WISH I GOT A BETTER JOB.
I DIDN'T FINISH MY EDUCATION, AND I'M PAYING
THE PRICE FOR IT.
>> REPORTER: ED JORDAN HEARD THAT A BETTER PAYING
POSITION OPENED UP AND THEY MOVED INTO A HOTEL.
SHE BRINGS HOME $189 A WEEK.
>> MY RENT IS 250 A WEEK.
I'M HAVING TO BEG AND BORROW ALL OVER THE PLACE.
I DON'T KNOW WHAT COLE TOWM PAY BACK.
>> REPORTER: IT WOULD SEEM THAT JORDAN WOULD BE
THRILLED ABOUT THE WAGE INCREASE BUT SHE FEELS
LIKE UPSTATE IS BEING SEGREGATED FROM NEW YORK
CITY AND WOULDN'T MIND EXPRESSING THAT.
>> I WOULD HAVE TO SAY NEW YORK IS NEW YORK AND NOT
SEGREGATED BY CITIES, UPSTATE, DOWNSTATE, WE'RE
ALL NEW YORKERS.
WE ALL NEED 15 AN HOUR AND NEED IT NOW.
NOT FROM 2018 TO WHENEVER.
>> AND THE THE MINIMUM WAGE RAISE, BUT ALL
BUSINESSES LIKE BEN&JERRY'S BELIEVE IT
COULD BE DIFFICULT.
>> FOR A KID TO BE MAKING $12 OR SO AN HOUR, I MEAN
AT 16, THAT'S PRETTY GOOD MONEY.
>> REPORTER: PATRICK IS A SINGLE BUSINESS
FRANCHISEE.
HIS MODEL IS SEASONAL.
MEANING HE HAS AN OFFSEASON, PRE-SEASON AND
INSEASON STAFFING LEVELS WHICH COULD BE AS LOW AS
EIGHT PEOPLE IN THE WINTER AND AS HIGH AS 50 PEOPLE
IN THE SUMMER.
ON THIS DAY, THE STORE IS HOLDING ITS ANNUAL FREE
CONE GIVE-AWAY.
THE BEN&JERRY'S PARENT COMPANY UNDERWRITES THE
ICE CREAM AND HE WILL SERVE 9,000 PEOPLE.
>> IT'S A MARKETING PLOY.
IT'S NORMALLY NOT THIS BUSY.
>> FOR HIM, RAISING THE MINIMUM WAGE PUTS HIS
BUSINESS ON SHAKY GROUND.
>> THE FIRST TWO YEARS ON PAPER, WE CAN MAKE-- I
ARGUED DOWN AT THE ASSEMBLY WITH PEOPLE
SAYING, LOOK, UP TO $12 AN HOUR, I'M CONFIDENT WE CAN
MAKE IT.
IT'S THE $12 TO $15 RANGE WHERE THINGS GET MESSY.
>> REPORTER: IT'S BECAUSE OF TESTIMONY FROM BUSINESS
OWNERS LIKE HIM THAT THE LEGISLATURE AGREED TO SLOW
THE GROWTH OF THE MINIMUM WAGE UPSTATE.
A STOP GAP WAS IMPLEMENTED AT $12.50 SO LAWMAKERS
COULD EVALUATE THE IMPACT OF THE INCREASED WAGES
AGAINST THE UPSTATE ECONOMY.
AND THEN CONSIDER IF THEY WOULD CONTINUE TO RAISE
THE WAGE TO $15 OR NOT.
>> I'M HAPPY THAT THE UNITTEN AND THE FIGHT FOR
15 MOVEMENT SAID HEY, LOOK WHAT WE DID, BUT FIVE
YEARS FROM NOW, I HOPE WE DON'T ALL LOOK BACK AND
SAY, LOOK WHAT YOU DID.
>> REPORTER: ASIDE FROM THE COST TO SMALL
BUSINESSES, PATINO WORRIES THAT INCREASING THE WAGES
WILL INCREASE INFLATION.
>> THAT MONEY HAS TO COME FROM SOMEWHERE AND IF
EVERYONE SUDDENLY IS MAKING $15 AN HOUR, HAS
ANYTHING REALLY CHANGED.
THE $7 HAMBURGER YOU USED TO BUY IS NOW, $8 OR $9,
AND ARE YOU GAINING ANY REAL PURCHASING POWER?
>> REPORTER: IF PRICES INCREASE, HE WORRIES THAT
A BUSINESS LIKE HIS WHO SERVE A PREMIUM PRODUCT
WILL BECOME UNAFFORDABLE.
>> AT THE END OF THE DAY, BIG FIRMS, GLOBAL FIRMS,
COMPANIES THAT HAVE HUGE FOOTPRINTS AND LOSS OF
CAPITAL THAT DO HAVE MULTIMILLION DOLLAR CEOS
WILL HAVE MORE MARKET SHARE THAN THEY DO NOW.
>> REPORTER: NICK MANN SAYS IT'S THE LARGER FIRMS
THAT WILL BE ABLE TO ABSORB THE HIGHER COST OF
WAGES AND SMALL BUSINESSES WILL BE SWAMPED AND GO
UNDER.
HE SUSPECTS THE $15 MINIMUM WAGE WAS CHOSEN
FOR ITS CONVENIENCE OBLITERATION WITH THE WORD
FIGHT, A RALLY CRY FORTH MOVEMENT AND QUESTIONS THE
LIVING WAGE THEORY BEHIND IT.
>> WHY STOP AT 15?
WHY BE A CHEAPSKATE?
WHY NOT 30?
YOU'RE ACTUALLY TELLING PEOPLE IN THOSE REALITIES
WHO LIVE AND WORK IN MANHATTAN THAT $15 IS
GOING TO PUT THEM IN THE MIDDLE CLASS?
>> HE SAID THE GOVERNMENT REALLY WANTED TO HELP,
THEY WOULD HAVE EXPANDED THE EARNED INCOME TAX
CREDIT.
>> IT'S LONG OVERDUE BECAUSE THE MINIMUM WAGE
THAT WE HAVE NOW PRIOR TO THE LEGISLATION IS
ACTUALLY LOWER IN REAL TERMS THAN THE MINIMUM
WAGE IN 1970.
>> REPORTER: AN ASSEMBLYMAN FROM THE
ALBANY AREA SAYS ADJUSTED FOR INFLATION AND THE COST
OF LIVING, THE MINIMUM WAGE SHOULD BE $15 AN
HOUR.
>> IF THERE'S MORE AGGREGATE DEMAND IN THE
ECONOMIC SYSTEM THAT WILL DRIVE THE ECONOMY FORWARD
AND THAT'S THE BEAUTY BEHIND THE MINIMUM WAGE
AND THAT'S THE THEORY THAT I SUBSCRIBE TO.
>> REPORTER: NO ONE REALLY KNOWS THE FULL EFFECT IN
MAKING ENTRY LEVEL WAGE A SUSTAINABLE ONE, WHICH FOR
MCDONALD'S AND JAQUI, IT'S THE DIFFERENCE BETWEEN
LIVING WEEK TO WEEK AND A MORE PERMANENT
ARRANGEMENT.
>> I CAN SAVE MONEY AND GET AN APARTMENT AND SAVE
BIG MONEY TO PUT ASIDE AND HAVE IT TO FALL BACK ON.
NOT JUST PAY MY RENT AND BE BROKE.
>> REPORTER: JORDAN SAYS ALL WORKERS LIKE HERSELF
ARE ASKING FOR IS A LEG UP.
THE FIRST INCREASE TO THE MINIMUM WAGE WILL KICK IN
THIS YEAR AND CONTINUE TO INCREASE BY 70 CENTS EVERY
YEAR AND TO REACHING 12.50 IN 2021.
SUPPORTERS INCLUDING THE GOVERNOR BELIEVE THE
MINIMUM WAGE UPSTATE WILL EVENTUALLY MATCH $15
MINIMUM WAGE NEW YORK CITY WILL REACH BY 2018.