MATT FLEGENHEIMER:

So, in New York at least on Tuesday, Mayor DeBlasio signed an executive order essentially expanding a law that was passed in 2012 – over the objections of Mayor Bloomberg – which stipulated that on city subsidized projects, workers were entitled to a what's called a 'living wage'.

At this point it would be $13.13 as the minimum. Sort of a wide expansion compared to what we saw a couple of years ago.

Any tenants or subtenants on projects that receive city subsidies now are entitled to that wage, it is about 18,000 workers by the administration's estimate.