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What Is Minimum Wage In Ny 2024. Through 2026, four years into the policy’s implementation, the rising minimum wage would lift wages for more than 2 million. On may 3, 2023, governor kathy hochul signed the new york state 2024 budget agreement into law, which contained increases to the state's minimum wage,.

The agreement between governor hochul and the new york state legislature establishes a new minimum wage of $16 per hour for new york city,. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation.