NY City Council Overrides Mayor Mike’s Veto On Wage Hikes : International Business Times

As expected, the New York City Council voted Thursday evening to override Mayor Michael Bloomberg’s veto of a measure that would raise the minimum wage of employees of some companies that receive public subsidies to $11.50 an hour, or $10 an hour with benefits.

The vote means that Big Apple businesses that have received $1 million or more of economic development aid from the public will see their payroll expenses rise if any of their employees earn less than the new law mandates.

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