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Current NYC minimum wage is apparently 16.50. So a 1.8x increase over 5 years (how long are mayors for in NY?).
I... my inner labor 100% supports minimum wage increases. My inner realist understands that has a very substantial impact on businesses and tends to result in fewer employees doing more work (and rapidly getting them salaried so that overtime doesn't exist). Which has a net negative impact because now one person is getting paid a living wage rather than two people getting paid enough to live in a closet in a flat.
Which is why, like most things, the solution is to decouple life from work. Universal Basic Income is what we desperately need. It resolves the minimum wage issue AND automation. The former because Fred's Khlav Kalash ~~K~~Corner isn't destroying their margins to have more than one person working the counter and the latter because... we are RAPIDLY reaching the point where jobs permanently go away (see: Tech). And it actually fulfills the capitalist dream where the people working (because they want additional spending money or "to have a better life") actually want to be there.
And... I kinda think that is less of a pipe dream than a first term mayor managing to increase minimum wage by 1.8x in 5 years.
I'll also just add that NY, like much of the modern world (not just the US), is largely driven by commuters. People who wake up in Jersey or on the outskirts of town, drive in at 3 am, and then are part of the team that open up the shop at 4 so that you can buy your bagel when you walk out the door at 5:30. And... in a lot of ways that 16.50 goes a LONG way once you get to a place with a semi-reasonable cost of living... that said workers have difficulty enjoying because they are getting back home with just enough time to eat a meal and then go to bed.
Which is a very different problem and also why this kind of rubs me the wrong way the more I think about it. Don't get me wrong, there are LOTS of people barely existing in NYC. But a lot of them are people with REALLY good jobs who just still live in one of the higher cost of living places on the planet. Not so much the people getting minimum wage to make their coffee.
12.5% annualized
Yeah. To me that sounds insane (especially if you are getting the increased passed annually rather than all at once but scheduling the bumps) but, like I said, NYC is weird in that the inflation loops tend to be much more delayed. Or, I guess, have already gotten so fucked that it doesn't matter as much that the staff at the smaller shops that are increasing prices to increase wages already can't afford the stuff they sell.
I'm used to discussions and campaigning for even single digit percentages being A Thing.
I don't know about NYC, but the Federal Wage has been stagnated so long, that 12.5% annualized increase seems like the BARE MINIMUM workers deserve.
I'm in Arkansas, so 30$/hr is probably a little "too much" here, but I believe in a the minimum wage should be a living wage at 40hr/wk.
Oh. There is VERY much a big gap between what people deserve and what they get (and where that money should come from but...).
My point is more that if you tell the average voter you want to raise the minimum wage by 10%, you get some knee jerk reactions that almost immediately translate into calls to ALL the representatives.
I don't think that's right. The average voter wants the minimum wage raised by quite a bit. Capital voters paint nightmare pictures no matter how small the increase is.
There is a pretty good It's Always Sunny joke about how they are pro mental health but anti taxes an it more or less loops around until they decide the important thing is a new stadium for the Eagles. It is a disingenuous comparison but it also kind of sums this up.
People are, by and large, pro minimum wage because even the chuddiest republican knows how much those jobs tend to suck. Just like people, by and large, want to get rid of tipping and just bake a cost of living into the price itself.
Then you put it up for a vote (either just as legislature or as a proposal for the general public). And you suddenly see all the people who realize that money comes from somewhere will lose their god damned minds and start finding excuses.
There are definitely ways to sell it but it is always an uphill battle.