NY Minimum Wage Increase Begins January 1st

Source: National Federation of Independent Business

Beginning on January 1st, 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 remainder of the State. Further increases of $0.50 per year will continue through January 1st, 2026. Starting in 2027, the NYS Department of Labor will establish future annual minimum wage increases tied to inflation and keeping pace with regional costs of living.

To read the full article, click here.