On Monday, New York Gov. Andrew Cuomo (D) signed a law raising the state’s minimum wage. In New York City and some more prosperous suburbs, the new minimum wage will be $15, while in the rest of the state, the new minimum wage will be $12.50. The increases will be phased in, and millions will see wage increases. Future wage increases will be tied to economic indicators. The law also establishes 12 weeks of paid family leave for working people.