New York State Minimum Wage 2024

New York State Minimum Wage 2024. Pursuant to legislation signed by new york governor kathy hochul, new york’s minimum wage will gradually increase through 2026 to $17/hour in new york. For small employers (six employees or fewer), the schedule of increases is as follows:

Those increases will bring the minimum wage to $17 in the new york city area and $16 an hour in upstate new york, up about 12.7% from the current level in the. On may 3, 2023, new york governor kathy hochul signed into law the fy2024 new york state budget agreement (the budget), which includes legislation.