Dona Phylis

Minimum Wage 2024 For 18 Year Olds Nyc. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state's minimum wage through 2026, with indexing to inflation starting in 2027. Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026.

The raise up ny proposal (s3062d/a7503c) would first increase the minimum wage between 2024 and 2026, to adjust for the purchasing power decline of recent years, and then index it to inflation plus nonfarm business labor. These rates are in effect from.