NEW YORK (WENY) — New York Governor Kathy Hochul put out a reminder on Tuesday, Dec. 17th to New Yorkers earning minimum wage that their paychecks are about to go up. Starting on Jan 1st., New York’s minimum wage will increase to $15.50, and $1650 in Long Island, Westchester and New York City.
“Putting money back in your pockets has been the focus of my first three Budgets, and that includes increasing minimum wage for the lowest earners across the state,” said Hochul in a prepared statement.
Along with this year’s increase, next year it will increase another 50 cents, and starting in 2027, it will increase annually at a rate determined by the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) for the Northeast Region. It’s worth noting that does not mean the minimum wage will increase every year, as there are off ramps are available in the event of certain economic conditions…