Clicky

  • Login
  • Register
  • Submit Your Content
  • Contact Us
Wednesday, August 21, 2024
World Tribune
No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
Submit
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food
No Result
View All Result
World Tribune
No Result
View All Result

New York’s minimum-wage workers celebrated a pay bump as the clock ticked over to 2024

January 2, 2024
in Business
Reading Time: 2 mins read
A A
New York’s minimum-wage workers celebrated a pay bump as the clock ticked over to 2024
0
SHARES
ShareShareShareShareShare

New York’s minimum-wage workers celebrated a pay bump as the clock ticked over to 2024

New York’s minimum-wage workers had more than just the new year to celebrate Monday, with a pay bump kicking in as the clock ticked over to 2024.

In the first of a series of annual increases slated for the Empire State, the minimum wage increased to $16 in New York City and some of its suburbs, up from $15. In the rest of the state, the new minimum wage is $15, up from $14.20.

The state’s minimum wage is expected to increase every year until it reaches $17 in New York City and its suburbs, and $16 in the rest of the state by 2026. Future hikes will be tied to the Consumer Price Index for Urban Wage Earners and Clerical Workers, a measurement of inflation.

New York is one of 22 states getting minimum wage rises in the new year, according to a recent report by the Economic Policy Institute.

In California, the minimum wage increased to $16, up from $15.50, while in Connecticut it increased to $15.69 from the previous rate of $15.

This most recent pay bump in New York is part of an agreement made last year between Democratic Gov. Kathy Hochul and the state Legislature. The deal came over the objections of some employers, as well as some liberal Democrats who said it didn’t go high enough.

The federal minimum wage in the United States has stayed at $7.25 per hour since 2009, but states and some localities are free to set higher amounts. Thirty states, including New Mexico and Washington, have done so.

Subscribe to the CFO Daily newsletter to keep up with the trends, issues, and executives shaping corporate finance. Sign up for free.

Credit: Source link

READ ALSO

How to watch, stream the Democratic National Convention Night Two live online free without cable, on NBC, ABC, CBS, Fox, CNN, MSNBC

We’re Gen Z college dropouts who raised $41.4M for our blockchain startup. Here’s how we did it

ShareTweetSendSharePin
Previous Post

Taiwan’s VP debate features TSMC, Warren Buffett, and Taylor Swift

Next Post

Markets will see a ‘year for non-consensus’ in 2024, strategist says

Related Posts

How to watch, stream the Democratic National Convention Night Two live online free without cable, on NBC, ABC, CBS, Fox, CNN, MSNBC
Business

How to watch, stream the Democratic National Convention Night Two live online free without cable, on NBC, ABC, CBS, Fox, CNN, MSNBC

August 21, 2024
We’re Gen Z college dropouts who raised .4M for our blockchain startup. Here’s how we did it
Business

We’re Gen Z college dropouts who raised $41.4M for our blockchain startup. Here’s how we did it

August 20, 2024
MLB legend Derek Jeter’s best business advice
Business

MLB legend Derek Jeter’s best business advice

August 20, 2024
Elon Musk’s litigation strategy is about ‘punishing defendants for their speech’
Business

Elon Musk’s litigation strategy is about ‘punishing defendants for their speech’

August 20, 2024
Anthropic accused of seeking to profit from ‘strip-mining the human expression and ingenuity’ behind authors’ work
Business

Anthropic accused of seeking to profit from ‘strip-mining the human expression and ingenuity’ behind authors’ work

August 20, 2024
Inside Bavarian Nordic: The .3 billion Danish vaccine maker with the world’s only cure for mpox
Business

Inside Bavarian Nordic: The $3.3 billion Danish vaccine maker with the world’s only cure for mpox

August 20, 2024
Next Post
Markets will see a ‘year for non-consensus’ in 2024, strategist says

Markets will see a 'year for non-consensus' in 2024, strategist says

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What's New Here!

Talkspace announces internal AI Innovation Group for responsible AI implementation

Talkspace announces internal AI Innovation Group for responsible AI implementation

July 24, 2024
The Cybertruck is coming to Fortnite and Rocket League because we’re being punished

The Cybertruck is coming to Fortnite and Rocket League because we’re being punished

July 23, 2024
The Google Pixel 9, the Pixel 9 Pro Fold and everything else announced at the Made by Google Pixel launch event

The Google Pixel 9, the Pixel 9 Pro Fold and everything else announced at the Made by Google Pixel launch event

August 13, 2024
Tourism has hijacked Santorini’s wine production as agricultural land becomes exorbitant while visitor numbers continue to climb

Tourism has hijacked Santorini’s wine production as agricultural land becomes exorbitant while visitor numbers continue to climb

July 22, 2024
Has Zach Wilson already lost the Broncos’ QB competition?

Has Zach Wilson already lost the Broncos’ QB competition?

July 31, 2024
Mets’ injuries should only solidify stance as buyers in pitching market

Mets’ injuries should only solidify stance as buyers in pitching market

July 27, 2024
Profit jumps 10% on gaming growth

Profit jumps 10% on gaming growth

August 7, 2024

About

World Tribune is an online news portal that shares the latest news on world, business, health, tech, sports, and related topics.

Follow us

Recent Posts

  • GMC targets electric truck leadership against Tesla, Ford, Rivian
  • Jannik Sinner should be ‘gone for 2 years’ over steroid test: Kyrgios
  • How to watch, stream the Democratic National Convention Night Two live online free without cable, on NBC, ABC, CBS, Fox, CNN, MSNBC
  • Natural Delights® Celebrates Internal Promotions as Company Continues to Expand

Newslatter

Loading
  • Submit Your Content
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2024 World Tribune - All Rights Reserved!

No Result
View All Result
  • Home
  • News
  • Business
  • Technology
  • Sports
  • Health
  • Food

© 2024 World Tribune - All Rights Reserved!

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In