If you’re living in New York State — and working and paying taxes — you may be wondering what the minimum wage is. The 2022 minimum wage in New York State for non-tipped full-time or part-time employees is at least $13.20. This is true throughout the state, except for New York City and its metropolitan area. Residents of New York City, Long Island and Westchester are entitled to a minimum wage of at least $15 per hour in 2022. New York is on track to institute a $15 minimum wage statewide through annual incremental increases.
More From Your Money: Choose a high-interest saving, checking, CD, or investing account from our list of top banks to start saving today.
What Is the Minimum Wage in New York State for 2023?
On Jan. 1, 2023, the minimum wage in New York State will rise from $13.20 to $14.20. This is part of an overall plan in the state to eventually settle at a $15 state minimum wage for all businesses throughout the state, regardless of size. Unlike some other states, New York is not implementing the new minimum wage based on the total number of employees each business has on its payroll.
Will New York Have a $15 Minimum Wage?
The Minimum Wage Act is a New York law put into place to raise the minimum wage throughout the state, eventually reaching $15 per hour. There is no set year when the state minimum wage will be $15 statewide. Each year, the legislature will vote on a minimum wage increase to be implemented throughout the state. If the current trend continues,...
Read Full Story:
https://news.google.com/__i/rss/rd/articles/CBMiRmh0dHBzOi8vd3d3LmdvYmFua2luZ...