New York State minimum wage to increase in 2026

New York State minimum wage to increase in 2026

RESTRUCTURING OF FOUR STATE HOSPITALS. BUT IT WILL BE UP TO THE LEGISLATURE TO TAKE ACTION. A NEW MINIMUM WAGE OFFICIALLY GOES INTO EFFECT TODAY IN VERMONT AND NEW YORK. NBC5S ANNA GUBER SPENT THE DAY TALKING WITH PEOPLE ABOUT THE WAGE INCREASE. SHE JOINS US LIVE FROM THE NEWSROOM TONIGHT WITH WHAT YOU NEED TO KNOW ABOUT IT. ANNA? JACK, LIZ, IT’S IMPORTANT TO NOTE THAT VERMONT AND NEW YORK BOTH ADJUST MINIMUM WAGE EACH NEW YEAR FOR INFLATION. BUT MANY PEOPLE WE SPOKE WITH TODAY SAY THEY FEEL THE INCREASE WAGE IS JUST NOT ENOUGH COMPARED TO CURRENT THE COST OF LIVING. < 00:01:16:10 00:01:16:10 David Stowell, Burlington, :02 “$14 an hour just ain’t enough.”> A NEW YEAR MEANS A NEW MINIMUM WAGE IN VERMONT AND NEW YORK. JANUARY FIRST OFFICIALLY MARKS THE FIRST DAY MINIMUM WAGE WILL RISE 34 CENTS IN VERMONT. BRINGING IT TO 14 DOLLARS AND ONE CENT AN HOUR. IN NORTHERN NEW YORK IT’S GOING UP 50 CENTS TO 15-50 AN HOUR. WHILE SOME SAY IT’S PROGRESS… THEY <00:02:41:27 Glenn Bruno, Jericho, :10 “I’m on social security now, largely, and let’s just say my hourly wage on social security is considerably higher than that.”> < 00:00:37:14 00:00:37:14 Parker Silver, Burlington, :06 “It is a step in the right direction, and we should celebrate the little wins, but not like take our eyes off the prize.”> < 00:01:55:19 00:01:55:19 Parker Silver, Burlington, :04 “People deserve to not just, you know, make paycheck to paycheck.”> AND DATA SHOWS MANY MINIMUM WAGE EARNERS AREN’T MAKING A LIVABLE WAGE. THE BUREAU OF ECONOMIC ANALYSIS ESTIMATES THE AVERAGE COST OF LIVING IN VERMONT IS CLOSE TO 51 THOUSAND DOLLARS A YEAR. BUT A VERMONTER MAKING MINIMUM WAGE WILL EARN JUST AROUND 29 THOUSAND A YEAR. MEANWHILE IN NEW YORK THE B-E-A ESTIMATES AN AVERAGE COST OF LIVING OVER 58 THOUSAND DOLLARS. BUT NEW YORKERS EARNING MINIMUM WAGE MAKE AN ANNUAL SALARY JUST AROUND 32 THOUSAND DOLLARS. < 00:00:27:24 00:00:27:24 Parker Silver, Burlington, :08 “It definitely isn’t a liveable wage because of how much inflation and like the cost of living increase had kind of really swept through the nation.”> <00:01:09:29 David Stowell, Burlington, :10 “For food and everything it’s so high that, like I said, $14 an hour just ain’t enough. They need to go up. They need to go way up.”> WE ASKED PEOPLE FROM OUR REGION JUST HOW MUCH THEY THINK A PERSON WOULD NEED TO MAKE… TO GET THROUGH THEIR DAY-TO-DAY. <00:00:52:04 David Stowell, Burlington, :05 “At least $20 an hour for people to survive anywhere.”> <00:00:03:17 Elly Bruno, Jericho, :01 “Probably about 20 bucks an hour.”> <00:01:48:23 Parker Silver, Burlington, :06 “I think it would be 24. So, I know it’s a big number for a lot of people. But, I do think that’s what people deserve.”> THE MINIMUM WAGE FOR TIPPED WORKERS IN VERMONT AND ALSO GONE UP. IF YOU’RE INTERESTED IN LEARNING MORE ABOUT THE LATEST CHANGES IN OUR REGION… YOU CAN FIND MOR

The New York minimum hourly wage is set to increase once again in 2026.Top video: See previous coverageBeginning on Jan. 1, 2026, workers who earn minimum wage across New York State will see an increase of 50 cents per hour, bringing the minimum wage up to $15.50 per hour.In New York City, Westchester and Long Island, the minimum wage will also increase by 50 cents per hour, bringing the hourly wage up to $16.50.Last year, minimum wage also increased by 50 cents per hour.Beginning in 2027, the minimum wage will annually increase by the three-year moving average of the Consumer Price Index for Urban Wage Earners and Clerical Workers for the Northeast Region, according to state officials.The 2025 and 2026 wage increases were secured back in 2024 after Gov. Kathy Hochul’s budget was approved by the New York State Legislature.

ALBANY, N.Y. —

The New York minimum hourly wage is set to increase once again in 2026.

Top video: See previous coverage

Beginning on Jan. 1, 2026, workers who earn minimum wage across New York State will see an increase of 50 cents per hour, bringing the minimum wage up to $15.50 per hour.

In New York City, Westchester and Long Island, the minimum wage will also increase by 50 cents per hour, bringing the hourly wage up to $16.50.

Last year, minimum wage also increased by 50 cents per hour.

Beginning in 2027, the minimum wage will annually increase by the three-year moving average of the Consumer Price Index for Urban Wage Earners and Clerical Workers for the Northeast Region, according to state officials.

The 2025 and 2026 wage increases were secured back in 2024 after Gov. Kathy Hochul’s budget was approved by the New York State Legislature.