{"id":25764,"date":"2023-01-16T12:29:00","date_gmt":"2023-01-16T12:29:00","guid":{"rendered":"https:\/\/businessyield.com\/?p=25764"},"modified":"2023-01-17T14:32:19","modified_gmt":"2023-01-17T14:32:19","slug":"minimum-wage-new-york","status":"publish","type":"post","link":"https:\/\/businessyield.com\/bs-personal-finance\/minimum-wage-new-york\/","title":{"rendered":"Minimum Wage in New York: What is the Minimum Wage in New York State 2023?","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
Before we get into the details of the New York minimum wage, it’s worth noting that New York is one of the most fascinating cities in America and the world at large. It’s a beautiful city full of skyscrapers, bright lights, yellow taxis, and, most of all, opportunities.<\/p>
In the Big Apple, some highly ambitious companies and some extremely bright minds get together to make things happen.<\/p>
It’s also a friendly environment for foreigners. New York City has a population of about 8.4 million people, with 36 percent of them being foreign-born.<\/p>
In this post, we’ll go over everything you need to know regarding New York’s minimum wage.<\/p>
Also read: <\/a>CALIFORNIA MINIMUM WAGE: What is the current California minimum wage?<\/a><\/p> New York’s workforce contributes to one of the world’s greatest urban economies. In every way, New York City is a global financial center whose performance has far-reaching consequences around the world, for better or worse.<\/p> Many people employed in New York’s private sector work for international firms, and the city is genuinely a worldwide commercial hub. International businesses naturally attract an international workforce, and over half of New York’s wage earners are foreign-born.<\/p> Working in New York is undeniably glamorous for many foreign employees. The hustle and bustle of the huge metropolis, combined with a competitive business environment, make expert postings in New York remarkable.<\/p> Employers benefit from a varied and inventive workforce because they may hire the best and brightest from a pool of highly trained and qualified individuals.<\/p> If you’re looking for work in New York, the job market at the New York Times, whether in print or online, should be your first stop. Alternatively, a standard internet search for vacancies and employers in New York City should yield a variety of alternative search tools and databases. <\/p> Look for contact information for appropriate businesses in the New York Yellow Pages, or ask your local US Chamber of Commerce for a list of corporations with branches or business affiliates in New York.<\/p> If you want an overview of the US labor market and additional information on currently in-demand vocations, the Bureau of Labor Statistics’ Occupational Outlook Handbook is a good place to start.<\/p> Also read: Minimum wage in Texas: what is the minimum wage in Texas 202<\/a>3<\/p> The goal of minimum wages is to safeguard workers from receiving inequitably low compensation.<\/p> They contribute to ensuring that everyone receives a fair and equal share of the benefits of progress, as well as a minimum living wage for those who are working and in need of such protection. Minimum wages can also be part of a policy to combat poverty and eliminate inequality, particularly between men and women, by advocating the right to equal pay for equal work. <\/p> Also read: Minimum wage in Florida: what is Florida minimum wage in 2023?<\/a><\/p> There are just three states that meet this criteria as of the first of the year 2023: Washington ($15.74), California ($15.50), and Massachusetts ($15).<\/p> New York’s minimum wage is currently $14.20. This exceeds the $7.25 Federal Minimum Wage. You deserve the greater state minimum pay. Tipped workers, some student workers, and other exempt occupations in New York are excluded from the minimum wage.<\/p> The New York minimum wage was last raised by $7.05 in 2008, from $7.15 to $14.20. New York City’s minimum wage for large enterprises (11 or more employees) is $15.00 per hour (10 or fewer employees). Westchester and Long Island have a $15.00 minimum wage.<\/p> New York City, Long Island, and Westchester County food service workers earn $15.00 per hour, whereas the remainder of the state pays $13.20. The statewide minimum wage for fast food workers is $15.00 per hour.<\/p> Unless you or your occupation are excluded from the minimum wage under state or federal law, New York businesses must pay you $14.20 per hour.<\/p> For any workweek above 40 hours, an employee is owed at least 1.5 times the standard minimum wage. Additionally, in some areas, workers who exceed a specific daily hour threshold are mandated to be paid this overtime rate (New York law does not specify a daily overtime limit).<\/p> The Fair Labor Standards Act ensures that workers in New York State receive fair payment for all overtime hours that meet the law’s requirements. You can make a claim with the New York Department of Labor for unpaid overtime if your employer does not pay the appropriate amount of overtime compensation.<\/p> The minimum wage in the Upstate will increase from $13.20 to $14.20 per hour. Employees outside of New York City, Long Island, and Westchester County will be affected by the move, which takes effect on December 31. For someone working a full-time minimum-wage job, the rise of 70 cents per hour translates to an extra $28 per week.<\/p>Working in New York<\/span><\/h2>
What is a Minimum Wage?<\/h2>
How Many States have a Minimum Wage that’s at least $15 an hour in the U.S.?<\/h2>
New York City Minimum Wage<\/h2>
Employees in all other New York Counties<\/h3>
What is the Minimum Wage in Upstate New York?<\/h2>