Wednesday, January 1, 2014

New York Increases Minimum Wage

Effective as of December 31, 2013, New York State has increased its minimum wage to $8.00 per hour.  This is the first of three planned increases.  The New York minimum wage will again increase on December 31, 2014 to $8.75 per hour, and will further increase to $9.00 per hour on December 31, 2015.  Note that the current federal minimum wage is $7.25 per hour, but that New York employers must  pay the higher of the two rates.  New York employers are required to post notice of the current increase in the State's minimum wage in a conspicuous place.  The poster from the NYS Department of Labor can be found here.

Happy New Year!

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