"We are one of the most expensive cities on this planet. The wages aren't adding up. They are too damn low, and the cost of living is too damn high. This is not a dignified life. - Sandy Nurse, Council Member who introduced the measure, speaking at a press conference outside City Hall."
"If the legislation is approved by the council, the minimum hourly wage would rise on Jan. 1, 2027, to $20 for workers at larger employers and $19 at small businesses, then $23 and $21.50 respectively in 2028, $26 and $24 in 2029, and $30 and $29 in 2030."
"After 2030, according to the bill, the minimum wage would increase based on the rate of inflation during the preceding 12 months. The minimum wage for tipped workers, currently $11 per hour in New York, would also increase under the proposed legislation. It would be set to at least two-thirds of the overall minimum wage rate in a given year."
Twelve New York City Council members introduced legislation on March 10 to substantially increase the minimum wage from its current $17 per hour. The proposal would gradually raise wages to $30 for large employers and $29 for businesses with 500 or fewer employees by 2030. The increases would begin January 1, 2027, with incremental raises occurring annually through 2030. After 2030, minimum wage would adjust based on inflation rates. The legislation also addresses tipped workers, setting their minimum wage at two-thirds of the overall minimum wage rate. Advocates argue these increases are necessary because living costs in New York City significantly exceed wage growth, making current wages insufficient for dignified living.
#minimum-wage-increase #new-york-city-labor-policy #cost-of-living #worker-advocacy #economic-inequality
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