Tuesday, May 1, 2012

ATTENTION: NYC Council Approves Living Wage Legislation

The New York City Council approved the living wage legislation on Monday's (April 30th) Stated hearing. The legislation would mandate minimum pay of $11.50 per hour— or $10 without benefits— for employers receiving public funding with gross revenues over $5 million dollars a year. Mayor Bloomberg has been highly critical of the legislation.

Council Member James has been an active voice— along with much of the Progressive Caucus— on achieving living wage in New York City.

“With a growing number of New Yorkers unemployed or underemployed, I have difficulty interpreting the opposition to living wage as anything more than a divisive scare tactic,” said Council Member Letitia James. “New York City’s unemployment rate is at 9.6%, and we have seen the issue of income inequality become a nationwide discussion. It’s long past time we take this step towards fairer wages for employees.”

No comments: