Advocates say that nine months in, the city's living wage legislation has not stood in the way of job creation, as critics predicted.
Supporters say a new report shows that more than 12,000 jobs have been covered by the legislation since it went into effect.
Under the policy, projects in the city receiving more than $1 million in taxpayer subsidies are required to pay at least $10.20 per hour with benefits or $11.75 per hour without.
Critics said it would discourage business in the city, but supporters say the results speak for themselves.
"We're seeing that it has not impacted businesses," said City Councilwoman Melissa Mark-Viverito, whose district covers parts of Manhattan and the Bronx. "And if we want to uplift the economy of this city to ensure that everyone benefits, and that we have a thriving city where we have a middle class, a working class that is able to continue to live here, then we need to raise wages. And so when we put money in the pockets of our workers, we know that our local economy is going to benefit."
Mayor Michael Bloomberg fought the legislation, filing a federal lawsuit.