Democratic Socialist mayoral hopeful Zohran Mamdani says he’ll push for an unprecedented leap to a $30-per-hour minimum wage by 2030 — nearly doubling New York City’s current $16.50 rate.
His voters might believe the “$30 by ’30” plan will lift workers, helping them keep up with NYC’s sky-high living costs.
In reality, such a dramatically increased wage floor would likely supercharge the adoption of automation and AI, especially in industries that rely on low-wage labor, and cost the city hundreds of thousands of jobs.
Continue reading the entire piece here at the New York Post
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Santiago Vidal Calvo is a Cities policy analyst at the Manhattan Institute.
Photo by Michael M. Santiago/Getty Images