New York Minimum Wage
Minimum Wage Act (General Employment)
The General Industry Minimum Wage Act states that employers must pay all employees in New York State, including most domestic workers, at least $8.00 per hour.
Certain requirements set under regulations known as “wage orders” may modify the basic rate.
Wage orders are provisions of the minimum wage law that cover jobs in:
The hospitality and building service industry
Miscellaneous industries and occupations
They set an hourly rate plus overtime and allowances in four General Industry Wage Orders, based on meals and lodging supplied by an employer.
Minimum Wage Increase
The current minimum wage in New York is $8,00 per hour, which is the federal minimum wage. However, the NYS Legislature has passed legislation which will increase the minimum wage from $8,00 per hour to $9.00 per hour over two years, beginning with:
$8.75 on December 31, 2014
$9.00 on December 31, 2015
Increases for tipped workers are not included. The current minimum wage in NY for workers who receive tips is currently $4.90 per hour for resort hotel workers, $5 per hour for food service workers, $5.50 for car wash workers, and $5.65 per hour for other service employees.
If tips aren't sufficient to reach minimum wage, the employer is required to pay the employee minimum wage. However, for tipped workers, the minimum wage will remain at $8,00 an hour for now.
The Middle Class in Manhattan
If you live in Manhattan and you are making more than $790,000 a year, then congratulations, you are the 1 percent.
Most researchers define the middle class by calculating the median income for a place, and grouping people into certain percentages above or below the absolute middle.
By one measure, in cities like Houston or Phoenix — places considered by statisticians to be more typical of average United States incomes than New York — a solidly middle-class life can be had for wages that fall between $33,000 and $100,000 a year.
By the same formula — measuring by who sits in the middle of the income spectrum — Manhattan’s middle class exists somewhere between $45,000 and $134,000.