Andrew Cuomo’s bid to become New York City’s mayor hinges on a $20 minimum wage plan that promises economic relief but risks business backlash.
At a Glance
- Andrew Cuomo proposes raising NYC’s minimum wage to $20 an hour by 2027 if elected mayor
- The city’s current minimum wage rose to $16 in 2024, with a hike to $16.50 set for this year
- Cuomo argues the $15 wage he passed as governor would equal $20 today if adjusted for inflation
- Critics warn the policy could trigger layoffs, automation, and price hikes
- Cuomo leads the Democratic field ahead of the June 24 primary election
- Cuomo Bets on Wage Hike to Reclaim Spotlight
Former Governor Andrew Cuomo is launching a political comeback with a populist edge, anchoring his New York City mayoral campaign around a pledge to raise the minimum wage to $20 by 2027. Framing the proposal as essential to affordability, Cuomo told supporters, “The best way to combat affordability, the best way is to raise wages. Put more money in people’s pockets,” echoing his prior push for a $15 wage during his gubernatorial term.
Cuomo’s plan would make New York City the first major U.S. metropolis to mandate a $20 base wage, well ahead of current federal and state levels. He insists the policy is overdue, arguing that had previous increases been indexed to inflation, “we’d be at $20 already.”
Watch a report: Cuomo Vows $20 Minimum Wage as NYC Mayor.
Businesses Push Back, Economists Warn of Risks
While Cuomo insists “the economy went up, not down” after past hikes and that “small businesses were protected with a tax credit,” critics warn this time could be different. Industry groups argue that increased labor costs could spur price hikes, staff reductions, or even relocation outside city limits. Automation and reduced hours are also seen as probable responses among employers.
Opponents further question the feasibility of passing such a measure through the City Council, noting the political and economic landscape has shifted post-pandemic. Yet Cuomo remains undeterred, saying of skeptics, “We did it before, and we’re going to do it again.”
Redemption Campaign or Risky Retread?
Cuomo’s comeback campaign also serves as a bid for political redemption following his 2021 resignation amid multiple misconduct allegations. Leading early polls ahead of the June 24 Democratic primary, he is attempting to shift focus from his past controversies to pocketbook issues. Assemblyman Zohran Mamdani has emerged as a progressive rival, challenging Cuomo’s legacy and framing.
As affordability and inequality dominate the race, Cuomo’s $20 wage plan crystallizes the core question: can bold economic promises outweigh political baggage and potential fallout? For now, he’s betting everything on the answer.
