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NY convenience stores criticize minimum wage hike

ALBANY, N.Y. (AP) -- The head of the New York Association of Convenience Stores says a minimum wage increase would place some stores in "a precarious position."

The state Legislature is considering a proposal from Gov. Andrew Cuomo to increase the minimum wage from $7.25 an hour to $8.75. Proponents say that many adults currently making the minimum wage can barely afford to pay their bills.

James Calvin, president of the New York Association of Convenience Stores, said Thursday there are mom-and-pop convenience stores that will not be able to afford the 21 percent spike in payroll in the current economic climate.