Ny State Minimum Wage Increase 2024 Lok

Ny State Minimum Wage Increase 2024 Lok. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state's minimum wage through 2026, with indexing to inflation. On may 3, 2023, new york governor kathy hochul signed into law the fy2024 new york state budget agreement (the budget), which includes legislation increasing the state’s minimum wage rate over the next three.


Ny State Minimum Wage Increase 2024 Lok

The increase in 2024 will be followed by hikes of 50 cents. These rates are in effect from january 1, 2024 through december 31, 2024.

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