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Effective Dec. 31, 2018, the minimum salary that employers must pay New York employees to be exempt from overtime under an executive or administrative exemption will increase.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
If the job is not subject to the federal Fair Labor Standards Act, then state, city, or other local laws may determine the minimum wage. [184] A common exemption to the federal minimum wage is a company having revenue of less than $500,000 per year while not engaging in any interstate commerce.
Besides the different compensation structures between exempt and nonexempt workers (for example, exempt employees are excluded from minimum wage and are paid a salary rather than minimum wage; whereas, nonexempt employees must be paid at least the federal minimum wage for each hour worked), there are differences in overtime requirements and ...
If you're living in New York State -- and working and paying taxes -- you may be wondering what the minimum wage is. The 2022 minimum wage in New York State for non-tipped full-time or part-time...
Dec. 28—PLATTSBURGH — With the new year comes an increase in the state's minimum wage. Beginning Jan. 1, New York's minimum wage will increase to $16 per hour in New York City, Long Island ...
Also in 1937, New York passed a minimum wage law protecting women and minors. The Fair Labor Standards Act of 1938 set a national minimum wage standard and a forty hour work week, and in this same year, an amendment to the New York State Constitution established a "Bill of Rights" for working people. The Unemployment Insurance Appeal Board ...
If there is no objection, the new minimum wage will then take effect from January 1. The minimum wage committee decided to raise the minimum wage in 2018 by 16.4% from the previous year to 7,530 won (US$7.03) per hour. This is the largest increase since 2001 when it was increased by 16.8%.