To what extent should the city link economic development incentives to specific wage levels, and what should those wage levels be?
The Federal Government already dictates a minimum wage, let them handle it. If the city fiddles with wages there could be a potential negative impact to business owners and their ability to pay employees, which could lead to higher unemployment in the city.I support the current city process that awards more points to businesses that pay their employees higher salaries when they are being considered for economic development incentives. I don’t support the idea that businesses that receive economic development incentives to relocate to Manhattan should be required to pay the so-called living wage. A person’s wages should be set by the market, based on the value of the product being produced and the requisite skill, training, education and experience necessary to produce the product or service.
What kinds of economic development are most important to the city?
The city needs to lure more industry to the area, and less retail. More industry leads to higher numbers of jobs, which leads to higher employment, which leads to more tax revenue, which leads to lower taxes. Lower taxes leads to a better Manhattan through increased spending by the consumer (which means MORE tax revenue).
Should the city use tax abatements to bring businesses to Manhattan?
No. The taxes these new businesses don’t pay leads to higher taxes for the citizens.