New York City lawmakers have introduced proposed legislation to the City Council that would usher in a gradual increase in the NYC minimum wage between enactment and 2030, at which point the minimum wage will top out at $30.00 per hour. The proposed changes would apply to all private employers but would exclude federal, state and local government employers. The changes will be implemented using different schedules for employers with more than 500 employees and employers with 500 or less employees. The legislation, if approved, would also gradually eliminate the “tip credit” currently available for many employees who earn tips, such as waiters. The new legislation has not yet been enacted. Contact us to learn more.
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