In a statement, a spokesperson for the Department of Labor (DOL) said, “This historic fund upholds the principles of equality and fairness that the DOL continues to work to ensure for all New Yorkers.”

“It is going to set a standard for the nation,” said Bianca Guerrero of advocacy group Make the Road. “So if we fail at reaching all the excluded workers, it’s not just going to be people in New York state that will see repercussions — we will likely see repercussions in other states.”

Six other states have since followed New York’s lead in passing similar funds. California’s is roughly the same size as New York’s, and Washington and Oregon are a mix of public and private money. Neighboring New Jersey approved a fund in its budget last month, but for only $40 million.