Stringer: NYC would benefit by boosting minimum wage to $15 an hour
Raising the minimum wage in New York City to $15 per hour would not only improve the lives of workers but would also benefit the city economically, New York City Comptroller Scott Stringer said at a Tuesday press conference with low-wage workers outside a McDonalds in Downtown Brooklyn.
According to an analysis released by his office, a $15 minimum wage, phased in over the next five years, would boost consumer spending, lessen the burden on the city’s social services programs and benefit students.
“New York is the greatest city in the world, but when you factor in cost-of-living, it’s the most expensive city in the country,” he told the crowd gathered on Fulton Street.