- September 28, 2021
- Posted by: Stratford Team
- Category: Business
Minimum wage is going up in New York. The state Department of Labor announced Monday that it would move forward with plans to continue increasing minimum wage despite massive shortfalls in the workforce. But that’s a far cry from the $26 an hour some economists are calling for.
The next change takes effect on December 31, 2021 where minimum wage will increase to $13.20 in most places that are not New York City.
“Companies, particularly those that employ low-wage workers, are already raising wages and in some cases offering incentives to that is showing no sign of abating, and it makes sense to raise the wage floor now and continue supporting New York’s families while providing a predictable path forward for businesses,” Labor Commissioner Roberta Reardon said. “With today’s action we are continuing the work of building back with equity and justice.”
The increase is based on economic factors and indices, according to state labor…