New York State Minimum Wage Increase 2024 Lok

New York State Minimum Wage Increase 2024 Lok

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. The minimum wage in new york state is scheduled to increase by 50 cents in 2025.

The minimum wage for employees in new york city, nassau, suffolk, and westchester counties sees increase to $16 per hour effective january 1, 2024, while in. Pursuant to legislation signed by new york governor kathy hochul, new york’s minimum wage will gradually increase through 2026 to $17/hour in new york.