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Home » Valentine's Day » Minimum wage jumps to $13.20 on Friday, but does it matter in ultra-competitive labor market?

Minimum wage jumps to $13.20 on Friday, but does it matter in ultra-competitive labor market?

Minimum wage is about to increase in New York.

On December 31 three downstate New York counties will arrive at the $15 minimum wage threshold laid out by state lawmakers and former Governor Andrew Cuomo several years ago.


For workers across Upstate New York – minimum wage will increase from $12.50 to $13.20 an hour.

Fast food workers will see minimum wage increase to $15 per hour regardless of location.

The change comes after an analysis by the Division of the Budget, which said that conditions were O-K for minimum wage to increase two months ago.


While criticism of increasing minimum wage has been standard – there has been less in 2021 – as wages have increased dramatically for entry-level work.

“It makes sense to raise the wage floor now and continue supporting New York’s families while providing a predictable path forward for businesses,” Labor Commissioner Roberta Reardon said in a statement.

Finger Lakes Partners (Billboard)

Here’s a look at how minimum wage has moved over the years in New York.



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