Mamdani and the Minimum Wage Law
Source: Foundation for Economic Education
by Walter Block
“Under Mamdani’s proposal, [New York City’s] minimum wage would improve to $20 per hour in 2027, $23.50 in 2028, $27 in 2029 and $30 in 2030. This is almost double the present minimum wage currently prevailing in the Big Apple, at $16.50. … [T]he minimum wage law is not a floor, raising wages above the level stipulated by the enactment. Rather, it is a barrier over which one has to jump in order to get a job in the first place, and then to retain it.” (11/23/25)