What Is Ny Minimum Wage 2024. As part of the fiscal year 2024 budget, governor hochul secured an agreement to increase the state’s minimum wage through 2026, with indexing to inflation. These rates are in effect from january 1, 2024 through december 31, 2024.
The minimum salary required for exemption is two times the state minimum wage for the first 40 hours of employment each week. Every employer engaged in the sale or service of food or beverages must.