However, even though the arena opened in September 2012, after the law went into effect, the project was grandfathered in, because the subsidies came yeares earlier.
I wrote last month how the $10.50 starting wage and $12 wage for some other jobs do not represent "living wage," since the jobs are part-time and don't come with benefit. Also, those figures fall well below the Living Wage Calculator from MIT, which says the living wage in Brooklyn for a single adult working 40 hours a week is $14.30,
Mayor Bill de Blasio today signed an executive order enacting a sweeping expansion of New York City’s Fair Wages for New Yorkers Act. Effective immediately, commercial tenants at projects that receive more than $1 million in City subsidy will be covered by Living Wage provisions, and the Living Wage itself will be raised to from $11.90 to $13.13 per hour—likely reaching $15.22 per hour by 2019.Many exemptions
The “Fair Wages for New Yorkers Act” (see below) aims to require "a living wage to employees employed on property developed by recipients of financial assistance for economic development."
However, the "provisions of this section shall not apply to any financial assistance that was provided prior to the enactment of the local law that added this section."