Salary Minimum Wage 2024 Nyc 2024

Salary Minimum Wage 2024 Nyc 2024. The minimum salary for exemption as an executive or administrative employee increases to $1,200 per week ($62,400 annualized) in new york city, nassau, suffolk, and westchester counties and to $1,124.20. This method ensures that the minimum wage keeps pace with inflation, maintaining the purchasing power of workers’ wages.

Finally, there are increases in the minimum salary threshold that must be met for exempt employees. Raising new york’s minimum wage to keep pace with inflation will benefit hundreds of thousands of minimum wage workers across the state, gov.