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flag NYC council proposes $30/hour minimum wage by 2030, highest in U.S.

flag The New York City Council is set to consider a bill that would raise the city’s minimum wage to $30 per hour by 2030, nearly doubling the current $17 rate. flag Large employers with over 500 workers would reach $20 by 2027 and $30 by 2030, while smaller businesses would phase in the increase by 2032. flag The proposal, sponsored by Council Member Sandra Nurse, aims to combat poverty and rising living costs. flag If passed, it would make NYC’s minimum wage the highest in the U.S. flag The bill is expected to be formally introduced soon and requires approval from the Council and the mayor.

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