Raising city minimum wage to $13.13 would generate $6 billion a year, controller study finds
ERIN DURKIN
Raising the citys minimum wage to $13.13 an hour would generate $6 billion a year in new wages and put an extra $100 in the pockets of 1.2 million New Yorkers each week, a new report found.
Gov. Cuomo recently embraced a proposal to raise the state minimum to $10.10 and let localities boost their own wages by up to 30% on top of that meaning the city could raise its rate to a high of $13.13.
New York City deserves the ability to set its own minimum wage, said city Controller Scott Stringer, who did the analysis.
We are falling behind other states and cities when it comes to the minimum wage, despite the fact that this is the most expensive city in which to live in the nation.
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