"New York Welcomes 2024 with Minimum Wage Hike and Key Legal Reforms"

TL;DR Summary
As the new year begins, New York's minimum-wage workers are receiving a pay increase, with the wage rising to $16 in New York City and its suburbs, and to $15 in the rest of the state. This is part of a series of annual increases that will continue until 2026, when the minimum wage will reach $17 in the city and its suburbs, and $16 elsewhere in the state. The increases are part of an agreement made by Governor Kathy Hochul and the state Legislature, despite some opposition. New York joins 21 other states in raising the minimum wage as of 2024, with future increases to be tied to inflation.
Topics:nation##economicpolicyinstitute#economy#inflationadjustment#laborpolicy#minimumwageincrease#newyork
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