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  1. www.ny.gov › new-york-states-minimum-wage › new-yorkNew York State's Minimum Wage

    Dec 31, 2016 · New York State's Minimum Wage. The statewide $15 minimum wage was enacted as part of the 2016-17 State Budget. The plan takes the needs of workers and businesses alike into account. As of December 31, 2016, the first in a series of wage increases went into effect. Rates differ based on region and industry because the increases are calibrated to ...

  2. Dec 31, 2022 · The state minimum wage is scheduled to increase by $0.50 per year on January 1, 2025 and January 1, 2026. Beginning in 2027, the minimum wage will annually increase by the three-year moving average of the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Northeast Region. An "off-ramp" is available in the event of ...

  3. Jan 1, 2024 · A summary of the changes is below. Minimum Wage Rates. The minimum wage increased on January 1, 2024 to $16.00 per hour in New York City, Westchester, and Long Island and to $15.00 per hour in all other counties in New York State. In addition, the legislation mandates minimum wage increases for 2025 and 2026 as noted below.

  4. The US Department of Labor issued a final ruling on the new salary threshold for salary exemption: $684 per week (equivalent to $35,568 per year). Under the federal rule, any administrative, executive or professional employee who earns less than this becomes eligible for overtime pay, regardless of actual duties, beginning January 1, 2020.

  5. Dec 15, 2023 · New Jersey’s statewide minimum wage will increase by $1 to $15.13 per hour for most employees on Jan. 1, 2024. This achieves – and exceeds – the goal set by legislation signed by Gov. Phil ...

  6. Jan 3, 2024 · As of January 1, 2024, New York State’s minimum wage will increase to $16 per hour in New York City and the counties of Nassau, Suffolk and Westchester, and to $15 per hour everywhere else in the state. Both rates will increase by an additional $0.50 on both January 1, 2025 and January 1, 2026. Unlike prior increases, the new rates do not ...

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  8. Jan 1, 2024 · NEW YORK CITY - New York State will raise the minimum wage to $16 an hour for employees in New York City, Long Island and Westchester, beginning in 2024, as well as $15 elsewhere in the state. The ...

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