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ARTICLE · 12 JUNE 2023

New York's Minimum Wage Increases For 2024 And Beyond

On May 3, 2023, New York Gov. Kathy Hochul signed legislation into law increasing New York's minimum wage for most employees beginning January 1, 2024, through 2026.

United StatesEmployment and HR

On May 3, 2023, New York Gov. Kathy Hochul signed legislation into law increasing New York's minimum wage for most employees beginning January 1, 2024, through 2026. Enacted as part of the state's budget legislation, increases to the minimum wage beginning in 2027 and beyond will be indexed to the consumer price index. Below, we've outlined what employers should know about this development.

Minimum wage increases, 2024 – 2026

The state's minimum wage will increase for all employees (excluding home care aides and certain other industry employees) as follows:

Effective date of minimum wage increase New York City, Long Island and Westchester Remainder of New York state

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