The city council in New York City is weighing a proposal to boost the minimum wage to up to $30 — a move that newly elected Mayor Zohran Mamdani signaled that he would sign on the campaign trail — causing consternation among the business community.The proposal from New York City Council Member Sandy Nurse, a Democrat representing Brooklyn, would require employers to pay workers $25 an hour if those employers provide qualifying benefits and $30 an hour if not. The current $17 minimum wage would undergo a phased increase to reach $30 per hour by 2030 for businesses with 500+ employees and $29 by...
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