New York State Minimum Wage 2024 Increase

New York State Minimum Wage 2024 Increase. 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 beginning in 2027. The minimum wage in new york state is scheduled to increase by 50 cents in 2025.

Effective january 1, 2024, the minimum wage will increase to $16 per hour in new york city and nassau, suffolk, and westchester counties, and to $15 per hour in. 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 beginning in 2027.