What Is Minimum Wage In New York 2024. The agreement between governor hochul and the new york state legislature establishes a new minimum wage of $16 per hour for new york city,. The increase in 2024 will be followed by hikes of 50 cents an hour in 2025 and 2026.
Those increases will bring the minimum wage to $17 in the new york city area and $16 an hour in upstate new. New york state law allows employers in all industries other than building service to satisfy the minimum wage by combining a “cash wage” paid by the employer with a credit or.