The New York City Council voted Tuesday to override a veto by Mayor Michael Bloomberg of a law that will require employers with at least 35 employees and 10,000 square feet devoted to grocery sales to contribute funds toward their workers’ health insurance costs.
The bill is similar to one passed into law on Long Island, and is perceived as aimed directly at Wal-Mart, even though the Arkansas-based retailer is not mention specifically in the language of the law.
Some analysts say that the cost could be in the neighborhood of $3 per employee per hour, which retailers say is an onerous and unnecessary cost that will only drive up prices.
A legal challenge to the bill’s constitutionality is expected.
The bill is similar to one passed into law on Long Island, and is perceived as aimed directly at Wal-Mart, even though the Arkansas-based retailer is not mention specifically in the language of the law.
Some analysts say that the cost could be in the neighborhood of $3 per employee per hour, which retailers say is an onerous and unnecessary cost that will only drive up prices.
A legal challenge to the bill’s constitutionality is expected.
- KC's View:
