Beginning on December 31, 2013, New York State’s minimum wage will increase. The legislation will increase the minimum wage, which is currently $7.25, in phases according to the following schedule:
|Beginning December 31, 2013 – Minimum wage will increase to $8.00 per hour|
|Beginning December 31, 2014 – Minimum wage will increase to $8.75 per hour|
|Beginning December 31, 2015 – Minimum wage will increase to $9.00 per hour|
The legislation is codified at New York Labor Law § 652, available here and is included with the new approved budget.
The legislation does not address increases for tipped workers, such as those working in food service. However, the New York State Commissioner of Labor will be issuing a new wage order that will address issues relating to these workers including the minimum hourly cash wage and the minimum allowance for meals and lodging.
New York now joins approximately 20 states that have hourly minimum wages that are higher than the federal rate of $7.25.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
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