New year brings new minimum wage throughout NY

New year brings new minimum wage throughout NY

Minimum-wage workers in NY will get to ring in the new year with a raise.

The state's minimum wage is $8.46 an hour as of Tuesday, up from $8.25 an hour in 2018, according to the Florida Department of Economic Opportunity.

In addition, 13 cities and counties are hiking their minimum wages to $15 an hour or higher in the new year, the nonprofit says.

Currently, 29 states and the District of Columbia have minimum wages above the federal minimum wage of $7.25 per hour. Some cities in California, Santa Fe in New Mexico, and the whole state of Nevada, are planning minimum wage increases on July 1.

For the rest of the state, the minimum hourly rate will go from $10.40 an hour to $11.10.

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All told, come December 31 or January 1, 20 states and 23 localities nationwide will hike the minimum wage.

Workers in lower-cost areas will benefit the most from the increases, said Paul Sonn, state program policy director at NELP.

Next year it will have been a decade since Congress last increased the federal minimum wage, approaching a record stretch between raises. That's because 19 states and 24 municipalities across the country are increasing the minimum wage starting tomorrow and one state, New York, increases them starting today. But the total of their salary and tips must at least equal the federal minimum wage. Few are there yet, but many states have ratcheted up wages through phased-in laws and adjustments for inflation. Businesses may place a higher value on experienced workers, making it more challenging for entry-level employees to find jobs. On the other end of the spectrum, in New York City, the minimum wage is jumping from $13 to $15.

"It's been a long time since we've raised the federal minimum wage, and if Congress isn't going to do it, state lawmakers are feeling compelled to do it, and even local lawmakers", said David Cooper, senior economic analyst at EPI, a left-leaning research group.

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