New York Daily News
Hizzoner's team insists that the bill, by forcing firms in subsidized projects to pay more than minimum wage, would scare away those firms and developers.
"There are some jobs that aren't going to be high-paying jobs, and if you drive them out of the city, nobody benefits," said Bloomberg.
But Councilman Oliver Koppell (D-Riverdale), the bill's sponsor, insisted during a hearing that "taxpayer money should not be used to produce poverty wage jobs."
The legislation would set wages at $10 an hour, or $11.50 without benefits, for projects with significant city financing.