Overview
- On January 1, 2026, 19 U.S. states raise hourly minimums, led by Washington at $17.13 and New York at $17 in New York City/Long Island/Westchester and $16 elsewhere, with Arizona at $15.15 and New Jersey at $15.92.
- New York also increases exempt-employee overtime thresholds to $1,275 per week in NYC/Long Island/Westchester and $1,199.10 elsewhere, broadening eligibility for overtime pay.
- Mexico’s CONASAMI approved a 13% increase effective January 1, setting the general minimum at 315.04 pesos per day and the Northern Border Zone at 440.87 pesos per day.
- Colombia formalized a 23% hike via Decree 1469 of 2025, fixing the 2026 legal minimum at 1,750,905 pesos per month, or 2,000,000 pesos including the transport subsidy, after talks with employers and unions failed.
- Colombian business groups and analysts caution the sharp increase could pressure prices, squeeze payrolls—especially in labor‑intensive sectors—and hinder formal employment.