This is the first increase in minimum wage New York has seen in four years. And, our state is one of 20 that now pay more than federal minimum of $7.25 per hour. Of course, while this increase may go a long way in some parts of the state, those living in and around NYC may still find it difficult to see the benefits of the extra $0.75 per hour. Plus, those who live and/or work in New York City pay approximately 3% more of their paychecks in income taxes. Paying those workers a rate that is higher than the new state requirement would have an even greater impact on their quality of life. Until then, hats off to the New Year — and new wages. (NY Mag)
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