Businesses hit back at Speaker Silver on minimum wage, fracking

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The National Federation of Independent Business today criticized Assembly Speaker Sheldon Silver for his proposals to increase the minimum wage and enact a ban on hydraulic fracturing.

“Frankly, the Speaker needs to spend some time in upstate New York” said NFIB New York director Mike Durant in a statement. “The policy positions he is insistent in championing are detrimental to small business, cut off new economic growth opportunities and continue the escalation of costs on business.”

Silver yesterday released a report that sought to highlight the positive impact of increasing the minimum wage to $9 an hour. Later in the day, he quietly sponsoreda bill on a hydrofracking moratorium.

“He apparently wants to further put barriers in place for low and entry level workers and shut upstate New York off from the needed and lucrative potential that natural gas development presents . That pretty much says all small business needs to know about the Speaker’s economic agenda,” Durant continued.

Business groups are opposing the minimum-wage increase, and they support fracking.

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