Former New York Governor Andrew Cuomo, a leading Democratic candidate for New York City mayor, has announced a proposal to raise the city’s minimum wage to $20 an hour by 2027. The plan, unveiled during a campaign rally, is part of Cuomo’s broader economic agenda aimed at addressing income inequality and improving living standards for lower-income workers.
At the rally, Cuomo directly addressed potential criticisms from business leaders who have warned that raising the minimum wage could negatively impact the economy and job growth. He dismissed these concerns, stating that the $15 wage increase during his tenure as governor in 2018 had not only survived scrutiny but had also contributed to economic growth. ‘The economy went up, not down,’ he emphasized, arguing that the policy had been successful in protecting small businesses through targeted tax credits.
Cuomo’s proposal includes a phased approach to the wage increase, with the goal of reaching $20 by 2027. The current city minimum wage stands at $16.50, a result of two increases in the past two years: a five-cent increase to $16 in 2024 and another five-cent increase to $16.50 in 2025. The plan is part of a broader strategy to strengthen worker protections and boost the city’s economy through increased consumer spending.
This announcement comes amid a tight Democratic primary race, with Cuomo leading but facing significant challenges from progressive figures such as Assemblyman Zohran Mamdani, a self-proclaimed democratic socialist. Mamdani has criticized Cuomo’s approach as too moderate, arguing that more radical policies are needed to address the city’s economic disparities. The primary, set for June 24, will be a pivotal moment in shaping the future of New York City’s governance and economic policies.
Cuomo’s plan also highlights his emphasis on the role of government in economic development, a stance that aligns with his history as a state governor. His proposal is likely to spark further debate on the balance between labor rights and business interests, particularly as New York City continues to grapple with high living costs and economic inequality.