NYC Mayor Zohran Mamdani: “We are forced to raid the rainy day fund, retiree benefit fund, and to increase property taxes…”

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New York City Mayor-elect Zohran Mamdani has proposed raising the minimum wage to $30 per hour by 2030, which supporters argue would provide a living wage for workers. However, critics warn that such a significant increase could lead to job losses and higher costs for consumers, particularly affecting young and low-income workers.
 
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