Tags: Minimum Wage | US State Facts | New York | minimum wage | facts

4 Facts About New York's Minimum Wage

By    |   Tuesday, 01 Mar 2016 09:06 PM

New York is the hotbed for a passionate debate about the minimum wage. Liberal politicians and groups are pushing for the state to hike its wage far above its current $9 an hour rate, and conservative lawmakers and officials are warning that rate increases will cause higher unemployment.

Here are four facts about New York’s minimum wage.

1. No. 10 in the Country

New York’s current minimum wage ranks 10th among the nation’s 50 states and the District of Columbia, according to Bankrate. The Empire State’s wage was $8 until the state government raised the rate by 75 cents at the close of 2014. The state increased the rate another 25 cents an hour at the end of 2015.

Urgent: Do You Think the Minimum Wage Should Be Raised?

2. 130,000 Earn Minimum Wage in NYC

According to Crain’s New York Business, more than 130,000 residents of New York City currently earn the state’s minimum wage. This is one reason that Gov. Andrew Cuomo said he is lobbying to raise the minimum wage for the city’s 182,000 fast-food workers to $15 an hour.

3. Minimum Wage History of Increases

New York’s minimum wage has slowly expanded since it began at $1 an hour more than 50 years ago, according to the New York State Department of Labor. The hourly rate increased 15 cents to $1.15 in 1962, to $1.25 in 1964, to $1.50 in 1967, and reached $1.85 in 1970. By 1980, it had grown to $3.10 an hour. It increased to $3.80 by 1990, before soaring to $5.15 by 2000. The wage reached $7.25 an hour by 2009 and was raised by 75 cents in both 2013 and 2014.

4. Minimum Wage Exceptions

The state has created exceptions to its minimum wage rate, according to Minimum-Wage.org. Businesses do not have to pay this rate to tipped employees (such as waiters and waitresses), some student workers, and other exempt occupations, such as workers under age 20 who are in training for the first 90 days of their employment. Another exemption is for farm workers, who are required by state law to earn a minimum of $8.25 an hour.

To help offset higher minimum wage costs, the state permits employers to make deductions to this rate in a handful of situations, such as lodging or meals supplied to an employee and tips received.

VOTE NOW: Is New York Gov. Andrew Cuomo Doing a Good Job?

© 2017 Newsmax. All rights reserved.

 
1Like our page
2Share
FastFeatures
New York is the hotbed for a passionate debate about the minimum wage. Liberal politicians are pushing for the state to hike its wage far above its current $9 an hour rate, and conservative lawmakers are warning that rate increases will cause higher unemployment.
New York, minimum wage, facts
408
2016-06-01
Tuesday, 01 Mar 2016 09:06 PM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved