By Melissa Camire of Fisher Phillips, LLC
In addition to increasing the minimum wage, the proposed bill would phase out the tip credit for food service workers.
City lawmakers just introduced proposed legislation in the New York City Council that would create a phased increase in the city’s minimum wage over the next several years to top out at $30 per hour by 2030. If enacted, the proposal also would phase out the tip credit for food service workers and impose new notice, recordkeeping and anti-retaliation requirements. Here are the top seven things employers need to know about the proposal.
1. The law would apply broadly to private employers in New York City.
The proposed minimum wage hike would apply to all private employers with employees in New York City. Federal, state, and local government employers would be excluded.
2. Larger employers would face a faster phase-in schedule.
The proposed bill distinguishes between “Schedule 1” and “Schedule 2” employers.
Schedule 1 employers would include businesses with more than 500 employees nationwide, as well as franchisees associated with a franchisor that collectively employs more than 500 employees.
Schedule 2 employers would include employers with 500 or fewer employees across the country.
3. The proposed bill would phase out the tip credit for food service workers.
In addition to increasing the minimum wage, the proposed bill would phase out the tip credit for food service workers.
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