Newyork is a fun city to live in, it opens the doors of a lot of opportunities, the work environment is usually fun but long hours are something that makes it hectic. The minimum wage in New York City just rose up recently, giving a boost of almost 70 cents per hour on an average.
For businesses in New York City, the minimum wage depends on your company size. If you have 10 or fewer employees, it’s $13.50 per hour (on 12/31/2018). For 11+ employees, it is $15 an hour and for Nassau County-Suffolk County Westchester—the rates are all at a flat rate of 14 dollars per hour.
Recent Rise In The Wages
Governor Cuomo signed legislation enacting a statewide $15 minimum wage plan that will lift the earnings of more than 2.1 million New Yorkers, in all industries across the state. The Governor’s plan takes into account workers and businesses by providing them with ample time to adjust as its phases increase over several years depending on region and industry.
As part of this year’s budget package, Governor Cuomo has enacted a new law increasing statutory rates for most employees from their current level of $9 an hour up to $15 per hour by December 31st, 2020 or January 1st, 2021 depending on location respectively – although tipped food service workers have been given until July 2022 before their hourly rate reaches parity with other staff members at fast-food restaurants throughout NYC.
The minimum wage in New York state is now 70 cents higher, but what that means varies depending on whether you’re a tipped worker, fast food worker, or general worker.
There is one thing that differs New York from other states is that they pay high wages to fast food workers also. Fast food workers in New York City will be paid $15/hour as of 2019. By 2020, fast food employees outside NYC are set to earn the same wage!