Ny Minimum Wage 2024 Legislation Ny. On may 3, 2023, new york gov. These rates are in effect from january 1, 2024 through december 31, 2024.

Kathy hochul signed legislation into law increasing new york’s minimum wage for most employees beginning january 1, 2024,. Beginning in 2024, new york state will raise minimum wage to $16 in new york city, long island, and westchester and $15 elsewhere in the state, followed by $0.50 annual increases in 2025 and 2026.