New York State's Minimum Wage is $7.25 Prior to 1962, state minimum wage rates varied from industry to industry.
October 15, 1962 Increased from $1.00 to $1.15
cost of living calculator
Minimum wage NY 1962____1.15__ "I input in calculator"
cost of living increase to 2013__$8.74
Not to far off from $9.00 proposed by the president.
Something is not right for the minimum wage worker @ $7.25 an hour.
I will go with Pres Obama's plan on this one.
Reasonable calculations with cost of living increase.