New York City Minimum Wage 2024

Tim Gabriella2024 New York City Minimum Wage 2024
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New York City Minimum Wage 2024. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation starting in 2027. Effective january 1, 2024, the new york state minimum wage for new york city increased from $15.00 to $16.00 per hour.


New York City Minimum Wage 2024

Nationally, workers in the bottom 20% by wages saw pay grow by 13.2% between 2019 and 2023, outpacing inflation. Effective january 1, 2024, the new york state minimum wage for new york city increased from $15.00 to $16.00 per hour.

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