New Yorks Minimum Wage 2025. In may 2023, governor kathy hochul signed into law a bill to increase new york’s minimum wage again (to $17.00 an hour by 2026), following increases enacted in 2016. The raise up ny bill sponsored by sen.
As of the date of this article’s update, the bill containing the minimum wage provisions (s. Kathy hochul signed legislation into law increasing new york’s minimum wage for most employees beginning january 1, 2024,.
New York State's Minimum Wage.
$1,128 per week ($58,656 per year).
On December 27, 2023, Governor Kathy Hochul Announced An Increase In New York State’s.
The new york minimum wage was last changed in 2008, when it was raised $7.85 from $7.15 to $15.00.
Wed, May 3Rd 2023 07:40 Pm.
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These Rates Are In Effect From January 1, 2024 Through December 31, 2024.
New york’s minimum wage increasing december 31, the minimum wage policy is effective only if it keeps pace with changes in the economy;
Following Those Years In 2027 Minimum Wage.
Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed.
Governor Hochul Announces Plan To Raise The Minimum Wage Annually, Helping New Yorkers Address The Rising Cost Of Living.