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2024 Minimum Wage Ny State

2024 Minimum Wage Ny State. Employees covered under the federal fair labor standards act are subject to the federal minimum wage of $7.25, but. 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 by $0.50 annual increases in 2025 and 2026.


2024 Minimum Wage Ny State

As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new yorkโ€™s minimum wage through 2026 and index it to inflation beginning in 2027. After the initial increase, the.

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