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3:47 AM / Thursday February 29, 2024

14 Jun 2014

City Council Committee approves new living wage standard

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June 14, 2014 Category: Local Posted by:

Philadelphia City Council’s Committee on Commerce & Economic Development has approved Councilman W. Wilson Goode, Jr.’s New Living Wage Standard Bill, permanently raising the city’s minimum wage standard in January. The new standard requires that the employer shall pay each employee an hourly wage equal to at least the higher of: (a)150 percent of the federal minimum wage or (b)$12.00 multiplied by the Consumer Price Index Multiplier.

The employers that shall comply with the minimum compensation standards established by the proposed ordinance are: (1) The City of Philadelphia, including all its agencies, departments and offices;(2) For-profit Service Contractors, which receive or are subcontractors at any tier on contract(s) for $10,000 or more from the City in a twelve-month period, with annual gross receipts of more than $1,000,000; (3)Non-profit Service Contractors which receive or are subcontractors at any tier on contract(s) from the City of more than $100,000 in a 12 month period; (4) Recipients of City leases, concessions, or franchises, or subcontractors or subrecipients thereof at any tier ; (5)City financial aid recipients. Compliance shall be required for a period of five (5) years following receipt of aid; and (6) Public agencies which receive contract(s) for $10,000 or more from the City in a twelve-month period.     

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