The minimum wage in New York is $15.00 per hour for all employees in New York City, Long Island, and Westchester County, effective January 1, 2023. This is the result of a law signed by Governor Andrew Cuomo in 2016 that gradually increased the minimum wage to $15 per hour by 2023.
The New York state minimum wage that spans outside of the three areas listed above is $14.20 per hour, effective January 1, 2023. This is the result of a law signed by Governor Kathy Hochul in 2022 that gradually increased the New York minimum wage to $15 per hour by 2026.
There are a few exemptions to the New York minimum wage law. Tipped workers are paid a lower minimum wage of $10.00 per hour in New York City, Long Island, and Westchester County, and $9.30 per hour in the rest of New York State. However, they must also receive tips that bring their hourly earnings up to the minimum wage. Employees under the age of 18 are also paid a lower minimum wage of $13.00 per hour in New York City, Long Island, and Westchester County, and $12.30 per hour in the rest of New York State.
The minimum wage is an important issue for many people in New York. It is a matter of fairness, economic security, and quality of life. The debate over the minimum wage is likely to continue in New York.
Here are some additional facts about the minimum wage in New York:
The average wage in New York state varies depending on the industry and occupation. According to data from the Bureau of Labor Statistics, as of 2021, the average hourly wage in New York state was $22.90.
The average wage for certain industries such as finance, insurance, and professional, scientific, and technical services is higher. Conversely, the average wage for industries such as retail trade, accommodation and food services, and healthcare and social assistance is lower. It's also worth noting that the average wage in New York City is likely to be higher than the average wage in other parts of the state due to the high cost of living and concentration of high-paying jobs in the city.
A Workstream hiring specialist can help you identify high impact ways to improve your applicant experience, and even help you determine what is a good hourly wage for your location and business.
