Minimum Wage Increase: NYC Mayor Upping the Ante to $15

Plan will cost city more than $230 million and boost pay for contract, union workers

Thirteen states and the District of Columbia have already agreed to raise the national minimum wage above $7.25, but none have committed to making it $15—except New York City Mayor Bill de Blasio. Workers in the Big Apple could expect to earn at least $15 an hour by the end of 2018.

The raises will cover 50,000 workers: 20,000 unionized workers and 30,000 employees of outside organizations whose services are paid for by the city. De Blasio, who is expected to make an official announcement today, has said he wants to raise the city’s minimum wage but that the state must agree.

Democratic Gov. Andrew Cuomo has also said he was gradually increasing the minimum hourly wage to $15 for many state university workers and that he wants state lawmakers to join in his efforts to provide the same for all workers.

De Blasio has been contacting unions that represent city workers, according to reports, and his plan would add addendums to their contracts to bring them up to $15 an hour by the end of 2018. Union workers currently make at least $11.79 an hour. The plan will reportedly cost the city an additional $36 million through 2020. The plan also includes contract employees, such as teacher aides and family and infant care workers. Those employees reportedly make around $11.50 an hour and a raise will cost the city an additional $202 million through 2020.

The highest wage agreed upon by a state in terms of an increase is Washington D.C., which stands to raise the wage to $11.50. Once New York City puts De Blasio’s plan in motion, it will be the highest increase in a city in the U.S.

 


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ABOUT THE AUTHOR
Janell Hazelwood

Janell Hazelwood is associate managing editor at Black Enterprise, managing content across core areas of Money, Career, Small Business and Technology. She is also a featured blogger with My Two Cents, providing insights on branding, millennial career development, employment trends and leadership. She was previously a content producer and copy editor for Black Enterprise magazine, working across several editorial sections. The Hampton University graduate got her start in the newspaper industry, having worked for companies including The New York Times and Scripps Howard News Service. Her works and insights have appeared on The Huffington Post, MadameNoire, E!Online, Brazen Careerist, CBS News, and Arise TV.

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