New York Forced to Skip Planned Minimum Wage Increase Because Its Economy Isn’t Good Enough

New York State will not increase its minimum wage in January 2027, marking the first time the state has frozen wages since a 2023 law tied future annual adjustments to the rate of inflation and job losses.

Democratic Gov. Kathy Hochul, who is running for reelection in November, is seeking approval for the change from the Democrat-led state legislature, the Times Union reported last week.

New York officials said th...