New York Minimum Wage 2024 Increase
New York Minimum Wage 2024 Increase. The agreement between governor hochul and the new york state legislature establishes a new minimum wage of $16 per hour for new york city,. 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.
For the rest of the state, the minimum wage. The first increase will be effective january 1, 2024, and continues the recent trend of establishing higher wage thresholds downstate.