"Governor Hochul Announces Minimum Wage Increase for New Year in NY"
TL;DR
Governor Kathy Hochul announced that the minimum wage in New York State will increase to $15 per hour starting January 1, 2024, with future increases indexed to inflation. Currently, the minimum wage is $14.20 per hour in Upstate New York and $15 per hour in the New York City area and Long Island. Hochul emphasized the need to help people get ahead amidst rising costs of living, and highlighted that the federal minimum wage has remained at $7.25 since 2009.
Topics:businesspolitics#gov-kathy-hochul#income#inflation#minimum-wage-increase#new-york-state#politics
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