New York Minimum Wage Rises to $16 in NYC and $15 Statewide

The increase is part of a series of annual hikes expected to reach $17 in NYC and $16 in the rest of the state by 2026.

New York's minimum wage increased to $16 in New York City and some of its suburbs, and $15 in the rest of the state, up from $15 and $14.20 respectively.
The minimum wage is expected to increase every year until it reaches $17 in New York City and its suburbs, and $16 in the rest of the state by 2026.
Future wage hikes will be tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers, a measurement of inflation.
The wage increase is part of an agreement made last year between Democratic Gov. Kathy Hochul and the state Legislature, over the objections of some employers and some liberal Democrats who said it didn’t go high enough.
New York is one of 22 states getting minimum wage rises in the new year, according to a recent report by the Economic Policy Institute.