Table 1
Tying the minimum wage to inflation and productivity would increase wages throughout New York: Current and proposed minimum wage values by region of New York, 2023–2026
| Year | New York City | Nassau, Westchester, and Suffolk counties | Upstate New York |
|---|---|---|---|
| Current minimum wage values | |||
| 2022 | $15.00 | $15.00 | $13.20 |
| Proposed increases | |||
| 2023 | $17.00 | $16.00 | $14.20 |
| 2024 | $18.80 | $17.20 | $15.10 |
| 2025 | $20.45 | $17.95 | $15.75 |
| 2026 | $21.25 | $18.65 | $16.35 |
Note: Labor productivity based on Bureau of Labor Statistics data available as of April 12, 2022. Inflation projections WSJ Economic Forecasting Survey as of April 11, 2022. Further adjustments made to moderate the first-year increases and smooth out increases.
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