Minimum Wage Ny 2024 Poster. View minimum wage rates through 2022. In december 2023, the new york state department of labor set forth increased minimum wage rates effective january 1, 2024.
The statewide $15 minimum wage will lift the earnings of about a quarter of the state’s total workforce and result in $15.7 billion of direct economic gains. In 2025 and 2026, nys minimum wage will increase by $0.50 annually.