Mayor Bill de Blasio plans to sign the order, which also raises the hourly wage, on Tuesday. The administration estimates that about 18,000 wage earners will be affected.
Investors and consumers might want to look closely at the purchase plans carriers are offering for Apple’s new iPhones.
I found that if I bought the iPhone from AT&T and qualified as a good credit risk, I would receive a 0 percent loan for the full cost of the phone and could pay it off over 24 months at $27.05 a month, which comes to a little more than $649. Let’s round that off at $650. There’s no $40 upgrade fee. And there’s no $199 down payment. (I would have to pay sales tax on the $649 cost of the phone.) For me, I concluded, it would be cheaper to buy the phone from AT&T on the installment plan. If I used less data, it would be cheaper to buy the phone from AT&T through a service contract. And, of course, there are different deals on different carriers.
Once I started down this road, it made me pause. Do I really need to replace my phone every two years if it’s going to cost $650?
As Farhad Manjoo has explained in these pages, many people don’t need to buy new phones that often. In my case, if I keep my old phone a bit longer, I’ll save $25 every month, and that adds up.