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NYC Council Approves ‘Living Wage’ Bill Bloomberg Vowed to Veto

New York’s City Council approved a law requiring employers to pay workers at least $10 an hour on economic-development projects that receive $1 million in tax abatements or low-cost financing.

The so-called living-wage bill, written after months of negotiating among council members, union leaders and developers, would affect at least 600 workers a year, said Council Speaker Christine Quinn, a Manhattan Democrat. Mayor Michael Bloomberg, an independent, has pledged to veto the measure.