Council defies Bloomberg, passes living wage bill

New York /
May.May 01, 2012 08:30 AM

City Council overrode Mayor Michael Bloomberg’s veto and passed the “living wage” bill yesterday, the New York Post reported. The bill guarantees a minimum pay of $10 an hour with benefits or $11.50 per hour without for workers on projects that receive city subsidies.

Bloomberg opposed the bill because he felt it would stifle development in New York by imposing increased costs on developers and job creators who already face obstacles from high regulation and taxation.

The council vote was announced at a rally yesterday, which City Council Speaker Christine Quinn “stormed” out of, the Post said, after a supporter called the mayor “Pharaoh Bloomberg.” She said the focus should be on the bill and not the mayor, but Public Advocate Bill de Blasio took it as an opportunity to jostle for the mayor’s seat and criticize Quinn and Bloomberg.

Despite the hoopla, the bill will have little impact in practice, a New York Times column argued. Approximately 0.013 percent of jobs in the city would benefit from the bill because of all the exemptions Quinn worked into the bill. Politicians efforts would have been better served fighting for a higher minimum wage and more unemployment benefits, the columnist said. [Post] and [NYT]


Related Articles

arrow_forward_ios
DHS Commissioner Steven Banks. (Getty, Google Maps)
City to open Soho homeless shelter
City to open Soho homeless shelter
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
For New York landlords, PACE just isn’t moving fast enough
Mayor Bill de Blasio and City Hall (Getty, Paul Hermans/Wikimedia)
NYC to city workers: Come back to the office
NYC to city workers: Come back to the office
227 Duffield Street in Brooklyn (Google Maps)
Sale of Underground Railroad site to city caps off “financial disaster”
Sale of Underground Railroad site to city caps off “financial disaster”
NYCHA Chairman Gregory Russ and NYCHA federal monitor Bart Schwartz. (NYCHA Monitor)
NYCHA overhauling management system
NYCHA overhauling management system
Continuum Company founder Ian Bruce Eichner and the former Spice Factory at 960 Franklin Street (Getty, Google Maps)
Eichner’s Crown Heights rezoning delayed once again
Eichner’s Crown Heights rezoning delayed once again
Mayor Bill de Blasio (Getty, iStock)
NYC to revive $17B in public construction projects
NYC to revive $17B in public construction projects
A photo illustration of the 960 Franklin Avenue rendering with Continuum Company's Bruce Eichner (iStock, 960 Franklin/Illustration by Kevin Rebong for The Real Deal)
Apartment project near Brooklyn Botanic Garden is shortened
Apartment project near Brooklyn Botanic Garden is shortened
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...