Christine Quinn and members of the New York City Council announced today that they had come to an agreement on a contentious living wage bill.
The new bill will not require companies in buildings in which the developer has received subsidies from the city to pay a living wage; instead, only those employees of the developers in those buildings will receive the living wage.
“I believe it is fair and appropriate for government to place requirements on a business that has voluntarily entered into an economic development agreement with the city,” Ms. Quinn said. “At the end of the day, they have a choice as to whether or not they want both the money offered to them and the wage requirements. This is a policy that is fair, one that will help workers, will not deter job growth and is one that I am honored to support.” Read More