In his State of the City address today, Mayor Bloomberg will propose something akin to splitting the baby on the living wage fight when he comes down in favor of a boost in the minimum wage.
“The genius of the free market is not always perfect,” Bloomberg said, according to the prepared text of his speech. “Two of our neighbors – Connecticut and Massachusetts – have raised their minimum wage above the Federal standard to address higher costs of living. And so while we would prefer the Federal government to act to keep us competitive, this year, we will join Speaker Shelly Silver in pushing for a responsible raise in the minimum wage.” Read More
