...as for NYC, the current Minimum Wage is below what many other U.S. municipalities provide, so an incremental increase is definitely warranted there...and given expected increases in inflation, a $30 target by 2030 is also justified...it remains to be seen where it ends up.
Mamdani's other proposals have already been enacted in various U.S. cities...with no harm to their economic well being.
Link: https://www.cnbc.com/2025/01/10/10-cities-and-counties-with-some-of-the-highest-us-minimum-wages.html