NEW YORK - Brooklyn residents are throwing their support behind a new piece of legislation that would require some businesses to increase their hourly minimum wage.

The Fair Wages for New York Act would bump the $7.25 minimum wage up to $10 an hour with benefits or $11.50 without benefits.

The controversial bill would require companies receiving more than $100,000 in city subsidies to raise their hourly minimum wage.

Mayor Michael Bloomberg and other business owners, however, say a recent study shows the legislation would cause up to 13,000 city residents to lose their jobs.

Local politicians in favor of the wage increase say they are skeptical of the study, citing that the study was Bloomberg-sponsored.