COMPTROLLER LIU STATEMENT ON EDC LIVING WAGE STUDY

 City Comptroller John C. Liu stated the following in response to questions about a recently completed study commissioned by the NYCEDC, “The Economic Impacts on New York City of Proposed Living Wage Mandate.”

“The EDC’s claim that a living wage kills jobs shows just how distorted the agency’s operations have become.  The proposed living wage would be a requirement on new projects that are heavily subsidized by taxpayers.  It may curtail the number of new minimum wage jobs, with the hope that these new jobs would then pay a decent wage.  The claim of job losses is rhetoric at its worst.”