NY Minimum Wage Increase

On 10 September 2015 the New York acting commissioner for Labor (Mario Musolino) singed an order that will increase the minimum wage for fast food workers in the fast food industry from its current rate of $8.75 per hour to $15.00 per hour.

Fast food workers in New York city will see the increase to $15.00 by 31 December 2018.  Fast food workers in the rest of the state will see the increase to $15.00 by 1 July 2021.

Here is a breakdown of the implementation timeframe for New York City.

$10.50 by December 31, 2015

$12.00 by December 31, 2016

$13.50 by December 31, 2017

$15.00 by December 31 2018

Here is a breakdown of the implementation timeframe for the rest of New York State.

$9.75 by December 31, 2015

$10.75 by December 31, 2016

$11.75 by December 31, 2017

$12.75 by December 31, 2018

$13.75 by December 31, 2019

$14.50 by December 31, 2020

$15.00 by July 1, 2021

Small businesses should be aware of this additional financial burden which begins in two an a half months.

Sources:
NY Governor Website
NY Fast Food Wage Board Report

By Wendy Stewart