Ny Minimum Wage 2024 Projection Meaning. Under current projections 1 for inflation and labor productivity, as shown in table 1, indexing the minimum wage to changes in prices and productivity would. Federal and state minimum wage rates, annual.
1, the minimum wage in new york city, long island and westchester county will increase from $15 to $16 an hour and from. The minimum hourly wage rate for new york city, westchester, long island, and the rest of new york state will increase annually for 2024 to 2026 as follows:
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