Mamdani urges King Charles to return rare diamonds
Asked what he would say to King Charles if he had the chance, New York Mayor Zoran Mamdani said he would ask the king to return the rare diamonds to India.
New Yorkers could get a big boost with a new bill being proposed to raise the minimum wage.
The new law says large companies will be required to raise the minimum wage, which has not been raised by the federal government since 2009.
Here’s what you need to know about potential raises and how New Yorkers will benefit.
What is the current minimum wage in New York?
Currently, the minimum wage in New York City, Long Island, and Westchester County is $17, and the rest of the state is set at $16.
The federal minimum wage is $7.25, but it hasn’t been raised in more than a decade.
What does the new proposal include?
A new push proposed by several lawmakers calls for raising the minimum wage to $25 nationwide.
Required for companies with 500 or more employees or $1 billion in annual revenue.
The Living Wage for All Act was introduced last week by Delia C. Ramirez (IL-03), Jesus “Chuy” Garcia (IL-04), Latefa Simon (CA-12), and Analilia Mejia (NJ-11).
A press release about the move states: “Large employers will reach $25 by 2031, while smaller employers will see a more gradual increase, reaching $25 by 2038.”
“The Universal Living Wage Act also ensures that wages don’t go backwards again by establishing standards that align the minimum wage with typical wages across the economy. As the economy grows and wages rise, the minimum wage will rise with it.”
Another bill was introduced in the New York City Council earlier this year that would require businesses with 500 or more employees to raise their minimum wage to $30 by 2030.
It will increase every year and reach $20 in 2027. In 2028, it will be $23. 26 dollars in 2029. And eventually it will be $30 in 2030.
Under the proposal, companies with fewer than 500 employees would be raised to $29 by 2031.
