"Negotiators yesterday, in an eleventh-hour decision following marathon talks, hammered out agreement on a key wage provision they earlier had rejected."
The local estimates that more than three-quarters of new buildings with full-time staffs will be covered by the wage provision.
Small business investment (includes minimum wage provisions)
Small Business Tax Fairness Act of 2000 (minimum wage provisions)
The guaranteed wage provision was incorporated in the 1969 version of the Standard Charter.
The federal minimum wage provisions are contained in the FLSA.
A CBA would have required living wage provisions and union representation not only for any construction work but for jobs with any tenants.
Among these were "porter's wage" provisions, in which tenants agreed to cover wage increases for porters and other building employees.
The first mirrors a provision in the White House plan to increase the size of small businesses exempted from minimum wage provisions.
No one would say yesterday if the new contracts contained any changes in the overtime or other wage provisions.
