New York State Minimum Wage 2024 Increase. To get more granular, the company’s new model includes a plan to accelerate hourly wage growth, with wages growing between 3% and 6% annually, depending on a worker’s duration with the company. Kathy hochul signed legislation into law increasing new york's minimum wage for most employees beginning january 1, 2024, through 2026.

In contrast to previous years, the new minimum wage rates apply to all new york employers, regardless of the employers’ size. 23, the day before the sale opens to outside investors.