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ALBANY, N.Y. (AP) – New YorkMinimum wage workers had more than just the New Year to celebrate on Monday a pay rise As soon as the clock reached 2024.
In the first of a series of annual increases for the Empire State, the minimum wage in New York City and some of its suburbs increased from $15 to $16. In the rest of the state, the new minimum wage increases from $14.20 to $15.
The state’s minimum wage is expected to increase each year until it reaches $17 in New York City and its suburbs and $16 in the rest of the state by 2026. Future increases will be linked to the consumer price index for urban wage earners and clerical workers. , a measure of inflation.
According to a recent report from the Economic Policy Institute, New York is one of 22 states that are getting a minimum wage increase in the new year.
In California, the minimum wage increased from $15.50 to $16. connecticut This increased to $15.69 from the previous rate of $15.
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This most recent wage increase in New York is part of an agreement reached last year between Democratic Governor Kathy Hochul and the state Legislature. The deal came over objections from some employers as well as some liberal Democrats, who said it did not go far enough.
The federal minimum wage in the United States has remained at $7.25 an hour since 2009, but states and some localities are free to set a higher amount. thirty states including new Mexico And Washington has done so.
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