Minimum wage in New York and nationwide
The New York minimum wage has risen from $1.15 an hour in 1962 to $8.75 an hour now, with plans to boost it to $11.50 an hour in New York City and $10.50 an hour in the rest of the state by the end of 2016. The chart below, based on data from the New York State Department of Labor, traces the rise and the proposal. Read more about the minimum wage debate.
The federal minimum wage is $7.25 an hour, and 14 states have opted to adopt the same rate. Five states have no minimum wage, so the federal rate applies, and another two states have a wage lower than the federal minimum, so the federal wage applies there too. Twenty-nine states and the District of Columbia have a minimum wage higher than the federal minimum. Data in the table below is from the U.S. Department of Labor.
Updated: Feb.6, 2015