Ny State Minimum Wage Increase 2024

Ny State Minimum Wage Increase 2024. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. After the initial increase, the.


Ny State Minimum Wage Increase 2024

Starting january 1, 2024, new york’s minimum wage will increase to $16 per hour in new york city, westchester and long island, and $15 per hour for the rest. The state’s minimum wage is expected to increase every year until it reaches $17 in new york city and its suburbs, and $16 in the rest of the state by 2026.

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