Search
 

NYC mayor vetoes wage bill, warns against measures

New York City is teetering on the verge of interfering with the free market and alienating employers, Mayor Michael Bloomberg warned Wednesday as he railed against legislation being pushed by the City Council that would boost wages offered by some companies that receive city benefits.

By Samantha Gross | Updated on April 26, 2012

NEW YORK (AP) — New York City is teetering on the verge of interfering with the free market and alienating employers, Mayor Michael Bloomberg warned Wednesday as he railed against legislation being pushed by the City Council that would boost wages offered by some companies that receive city benefits.

The two bills “are a throwback to the era when government viewed the private sector as a cash cow to be milked, rather than a garden to be cultivated,” the mayor said at City Hall before vetoing one of the measures.

Complete your profile to continue reading and get FREE access to BenefitsPRO.com, part of your ALM digital membership.

Your access to unlimited BenefitsPRO.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical BenefitsPRO.com information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and BenefitsPRO.com events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Dig Deeper

Recommended Stories

BenefitsPRO Broker Expo 2025 (BPRO)Event

The premier educational and networking event for employee benefits brokers and agents.

Get More Information
 

BenefitsPRO

Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join BenefitsPRO.com now!

  • Unlimited access to BenefitsPRO.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com
  • Exclusive discounts on BenefitsPRO.com and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2024 ALM Global, LLC. All Rights Reserved.