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January 27, 2024

Legal News

January 27, 2024

Minimum Wage Increase for NYC Workers

Written by Yogi Patel

In the first step of a series of annual minimum wage increases planned for the state of New York, the minimum wage has now reached $16 in New York City and certain surrounding areas, up from the previous rate of $15. In other parts of the state, the new minimum wage stands at$15, up from the previous rate of $14.20.

These incremental increases are expected to continue annually until they reach $17 in New York City and its suburbs, and $16 in the rest of the state by the year 2026. Subsequent wage hikes will be linked to the Consumer Price Index for Urban Wage Earners and Clerical Workers, which measures inflation.

New York is just one of 22 states that have implemented minimum wage increases in the new year, as reported by the Economic Policy Institute. In California, the minimum wage has risen to$16, up from the previous rate of $15.50, while in Connecticut, it has increased to $15.69 from the previous rate of $15.
The federal minimum wage in the United States has remained at $7.25 per hour since 2009, although individual states and certain localities have the authority to establish higher minimum wage rates.

The attorneys at Outside Legal Counsel LLP can help ensure that employers are in compliance with wage and hour laws. We can also help employees whose rights are being violated by their employers. Please reach out to us for more information about our services and how we can help.

This is not legal advice and is attorney advertising.

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