New York minimum wage in 2021: US$12.5 (effective December 31, 2020)
New York minimum wage in 2020: US$11.80
New York minimum wage in 2000: US$4.25 ($6.55 after inflation adjustment)
New York minimum wage in 1980: US$3.10 ($10.39 after inflation adjustment)
The New York’s minimum wage is linked to consumer price index, which means, the minimum wage rate would increase along with the rise of inflation and it is re-evaluated yearly based on these values.
Seeing how New York City has the highest living standards and costs, it is no wonder that it is the first place where the proposed minimum wage rate increases are coming into power.
The FLSA also contains a minimum wage and tip-credit regulations which certain New York employers must comply with as well, but these requirements are generally encompassed by the NYLL.
In addition to any New York-specific minimum wage exemptions described above, the Federal Fair Labor Standards act defines special minimum wage rates applicable to certain types of workers.
We will explore how minimum wage differs by location and by industry to see how much a New York state employer is supposed to pay their workers and the minimum salary you should have.
Employers in New York are subject to different minimum wages, allowable tip credits, and minimum exempt employee salaries based on where employees work and what kind of work they do.
The New York State Department of Labor recently published final rule regarding the increased salary thresholds to be considered exempt from overtime as well as changes to the minimum wage schedule.
Just over one-third (35.4 percent) of those with an associate degree stand to benefit from the higher minimum wage, as do about one in six New York workers with a bachelor’s degree or higher.
The last several years have seen successful efforts by employees and employee advocates to raise the minimum wage and salary thresholds for exempt employees throughout New York State.
There will also be scheduled increases to the minimum wage for tipped employees receiving a cash base hourly wage absent any revised wage orders issued by the New York Department of Labor.
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