Business & Tech
Bloomberg to Sue Over Living Wage Bill
Mayor blasts bill guaranteeing higher wages as being counterproductive for businesses.
Acting swiftly after the City Council voted Thursday to override his veto of , Mayor Michael Bloomberg announced plans to sue in an effort to block the law guaranteeing higher wages for certain private-sector workers, according to WNYC.
Bloomberg dismissed the legislation Friday as "pandering to special interests" and said the wage guarntees would result in less jobs being created for low-income residents.
The law, , requires employers receiving city subsidies to pay their workers at least $11.50 an hour or $10 an hour with health benefits.
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Two Brooklyn employers receiving city funds, Atlantic Yards redevelopment and the Brooklyn Navy Yard, are already exempt from the wage guarantees in the bill.
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