Minimum Wage Ny 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. The increased executive and administrative employee salary thresholds come as new york’s minimum wage rose on jan.
Starting january 1, 2024, new york’s minimum wage will increase to $16 per hour in new york city, westchester and long island, and $15 per hour for the rest. We estimate that the resulting increases in the state minimum wage would lift wages for more than 2 million new yorkers through 2026.