Billionaire Mayor Bloomberg Sues to Keep New Yorkers’ Wages Low

The world’s 20th richest man declared recently that a living wage bill passed (over his veto) by New York’s city council was the next best thing to Communist central planning. 

Michael Bloomberg, who’s also made news recently trying to ban large sodas, today took the next step in proving how serious he is about keeping wages low—I mean, keeping New York City a “business-friendly” climate.

Bloomberg is suing to prevent not just the living wage bill, but a companion “prevailing wage” bill that the City Council also passed over his veto, from going into effect. The living wage bill requires employers that get more than $1 million in taxpayer subsidies to pay their workers at least $10 an hour with benefits or $11.50 an hour without them, and the prevailing wage bill would up wages to $20 an hour for certain building services workers in buildings that receive subsidies of over $1 million or where the city leases a significant amount of property.

The Wall Street Journal reports ... read on from link at top.