1) This seems like a fairly decent bit of legislation for some standardized professions, particularly those that are often paid hourly, work in person and cannot be outsourced out of state, and in many cases are the most economically vulnerable. I'm thinking that it would be pretty decent for dishwashers, cashiers, gas station attendants, etc to know if a job is offering say $15-18 per hour or $20-25 per hour. But this seems horrendous for salaried remote knowledge workers, particularly those that have the ability to negotiate a better deal. And additionally, there will be unintended consequences of this legislation, such as some employers not wanting to deal with New York employees.
2) If the goal of this legislation is to prevent exploitation, it seems that requiring a salary floor would be important, but requiring a salary ceiling would be a negative part of this legislation as it makes it a lot tougher to allow employees to have the room to negotiate.