New York’s minimum-wage staff had a lot more than just the new year to celebrate on Monday, with a paycheck as time went on until 2024.
In the first of a series of planned annual plans for the Empire State Building, the minimum wage was raised from $15 to $16 in New York City and some of its suburbs. In the rest of the state, the new minimum wage is $15, up from $14. 20.
The state’s minimum wage is expected to increase year-over-year to $17 in New York City and its suburbs, and $16 in the rest of the state through 2026. Future increases will be linked to the Customer Value Index for urban wage earners and the workplace. workers. Provide a measure of inflation.
New York is one of 22 states getting minimum wage rises in the new year, according to a recent report by the Economic Policy Institute.
In California, the minimum wage increased to $16, up from $15.50, while in Connecticut it increased to $15.69 from the previous rate of $15.
This recent maximum wage increase in New York is part of an agreement reached last year between Democratic Gov. Kathy Hochul and the state legislature. The deal was met with objections from some employers, as well as some liberal Democrats, who said it was not high enough.
The federal minimum wage in the United States has stayed at $7.25 per hour since 2009, but states and some localities are free to set higher amounts. Thirty states, including New Mexico and Washington, have done so.