In local news:

A new minimum wage in New Orleans provides workers under city contracts a 44 percent increase in pay. According to a CityBusiness report, the move was the culmination of years of effort by City Councilman Jared Brossett. Mayor Mitch Landrieu signed the measure into law on Monday, guaranteeing all workers under future city contracts $10.55 an hour. The law takes effect on January 1st, 2016, and is expected to be funded by an estimated $60 million worth of taxpayer money, but Landrieu noted, “a rising tide lifts all boats.”

Read further details from CityBusiness here.

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