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Tuesday
Jan182022

What's New? NYS 2022 Minimum Wage Increase

DateTuesday, January 18, 2022 at 1:09PM by AuthorBanking Spectrum

The statewide $15 minimum wage was enacted as part of the 2016-17 State Budget. The plan takes the needs of workers and businesses alike into account. As of December 31, 2016, the first in a series of wage increases went into effect. Rates differ based on region and industry because the increases are calibrated to provide businesses ample time to adjust. Read more here in the Human Resources chapter of The Gold Book. 

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