On december 27, 2023, governor kathy hochul announced an increase in new york state’s minimum wage, set to take effect on january 1, 2024. Minimum wage will be $10 an hour plus an inflation adjustment in 2025, with the tipped minimum wage, or tip credit, rising to 48%.
Under the default option, the first incremental increase in the minimum wage occurs in july 2024. The highest state minimum wage in 2024 will be washington state, at $16.28, up from $15.74.
When Does Minimum Wage Increase 2024 Images References :
