Minimum Wage 2024 16 Year Olds New York. In the first of a series of annual increases slated for the empire state, the minimum wage increased to $16 in new york city and some of its suburbs, up from $15. As part of the fy 2024 budget, governor hochul secured an historic agreement to increase new yorkโs minimum wage through 2026 and index it to inflation beginning in 2027.
Bump at the start of 2024. New york cityโs minimum wage will increase to $16 an hour starting jan.
