What Is Minimum Wage In Ny 2024. 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 state's minimum wage is expected to increase every year until it reaches $17 in new york city and its suburbs, and $16 in the rest of the state by 2026.
The minimum wage for employees in new york city, nassau, suffolk, and westchester counties increases to $16 per hour in 2024, and to $15 in other parts of the state. As of december 31, 2016, the first in a series of wage.
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