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Insane state law poses huge new threat to New York jobs

Insane State Law Poses Huge New Threat to New York Jobs

by NY Post
March 20, 2023
in Aggregated, Commentary

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The long-established law aims to “protect the employees of” firms and individuals “who would set up business . . . , defer the payments of wages” and then “disappear.” New York’s stores and restaurants struggling after the pandemic have a new headache, besides inflation and crime.

A state court’s aggressive reinterpretation of a more-than-century-old law puts businesses on the hook for, potentially, billions of dollars in unexpected costs.

If you have a job, you probably get paid every two weeks — the most common schedule by which employers pay workers.

The federal government pays workers every two weeks, as does the city.New York law has long carved out an exception: “A manual worker shall be paid weekly.”The weekly pay provision goes back to 1890, when the Legislature held that “every manufacturing, mining or quarrying, lumbering, mercantile . . . corporation . . . shall pay weekly.”The purpose, as discussion around a 1935 […]

Read the Whole Article From the Source: nypost.com

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