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Nys State Minimum Wage 2024. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new york’s minimum wage through 2026 and index it to inflation beginning in 2027. Employers are reminded that the next new york state minimum wage increase to $15.00 per hour was effective january 1, 2024, rather than december 31 as it has been in the past.
In 2025 and 2026, nys minimum wage will increase by $0.50 annually. Enforcement of minimum wage laws.
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Category: 2024