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Wednesday, jan 1
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Financial Security
Business
Minimum Wage To Increase In NY: Here's When, How Much
New Yorkers earning minimum wage will see an increase in their paychecks. This change, which takes effective on Wednesday, Jan. 1, is part of a broader state initiative aimed at easing the financial burden of rising living costs. Gov. Kathy Hochul announced the plan as part of a multi-year agreement with the state legislature. In New York City, Long Island, and Westchester County, the hourly pay will increase from $16 to $16.50. Meanwhile, the rest of the state will see a jump from $15 to $15.50. Further annual adjustments linked to inflation will begin in 2027. …