Recent Posts
NYC Blogs
Click here for a list of NYC blogs
Newsfeeds
Search This Blog

Ruben Diaz Jr. On Living Wage Deal
January 13th, 2012

Council Speaker Christine Quinn has decided to back a compromise legislation on the living wage that according to the Wall Street Journal would require, “businesses that receive subsidies of $1 million or more will be required to pay their employees $10 an hour with benefits or $11.50 an hour without benefits. But in a compromise, the bill will no longer require the tenants who move in after these projects are completed to also abide by the higher wages.”

Bronx Borough President Ruben Diaz approves of the deal and he released this statement:

I am extremely happy that we have reached a deal on the Fair Wages for New Yorkers Act, and that this important bill will finally see a vote in the City Council. The deal we have reached today creates the strongest living wage legislation in the nation, one that will demand that direct recipients of significant taxpayer subsidies will do better by their employees. This will guarantee that happens and marks an important shift in the economic development policy in the City of New York. This bill sends an important message to the business community. Indeed, New York City is open for business, but not at the expense of the taxpayer.

I would like to thank Speaker Quinn for working closely with my office on this compromise. I would also like to thank City Council members G. Oliver Koppell and Annabel Palma, all of our City Council co-sponsors, and the entire Living Wage NYC coalition for their strong advocacy on this legislation.

This bill will ensure that taxpayer subsidies are spent not only to enrich developers, but to improve the quality of life of their employees. Todays announcement is a victory for the people of this City, and I look forward to this legislation becoming law, said Bronx Borough President Ruben Diaz Jr.

By on January 13, 2012, 3:25 pm
In category: City Hall,Economy,Work and Labor | 3 Comments »

| More

RSS Feed RSS Feed


3 Responses to “Ruben Diaz Jr. On Living Wage Deal”

  1. Peter Saltonstall Says:
    February 2nd, 2012 at 7:33 pm

    If some one needs expert view concerning running a blog afterward i propose him/her to go to see this website, Keep up the fastidious job.

  2. Nana Atilano Says:
    April 4th, 2012 at 7:06 am

    Daily deals used to be one thing, however what about living social offers?

  3. marketing Says:
    April 23rd, 2012 at 3:58 pm

    Thanks , I’ve recently been searching for information about this subject for ages and yours is the best I’ve found out till now. But, what concerning the bottom line? Are you sure in regards to the supply?|What i do not understood is in truth how you’re now not really much more neatly-appreciated than you might be now. You are so intelligent.

Leave a Reply

Gotham Gazette the Place for Politics and Policy

Gotham Gazette is published by Citizens Union Foundation and is made possible by support from the Robert Sterling Clark Foundation, the John S. and James L. Knight Foundation, the Altman Foundation,the Fund for the City of New York and donors to Citizens Union Foundation. Please consider supporting Citizens Union Foundation's public education programs. Critical early support to Gotham Gazette was provided by the Charles H. Revson Foundation, Rockefeller Brothers Fund and the Alfred P. Sloan Foundation.

RSS Feed