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New York City's minimum wage is being proposed to be raised to $30 an hour.

'11.03.2026'

ForumDaily New York

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New York City officials have launched a campaign to raise the minimum wage to $30 per hour by 2030. The new initiative was announced on Tuesday, March 10, at City Hall. Pix11 tells in more detail.

The minimum wage in New York City is currently $17 an hour.

City Councilwoman Sandy Nurse introduced the bill. $30 for Our City.

Initiative supported the community organizations, small business owners, and other elected officials. Supporters believe the measure will help reduce the growing gap between wages and worth life in the city.

Reasons for the initiative

Campaigners said rising prices and stagnant wages were driving residents out of New York City.

On the subject: How much do you need to earn to be considered middle class in New York?

"Rising prices and falling wages are pushing New Yorkers out of our city. Earning minimum wage shouldn't mean living in poverty. Yet, working people are struggling to afford rent, groceries, and everyday life in New York City. Major corporations are reaping record profits. It's time to secure the wages New Yorkers deserve and achieve $30 [an hour] for our city," the campaign said in a statement.

Phased increase plan

The bill provides for a gradual increase in the minimum wage. The deadlines will differ for large and small employers.

For companies with more than 500 employees, including franchise networks, the following plan is offered:

$20 per hour in 2027;
$23 per hour in 2028;
$26 per hour in 2029;
$30 per hour in 2030.

For small businesses, the increase will be slower:

$19 per hour in 2027;
$21,50 per hour in 2028;
$24 per hour in 2029;
$27 per hour in 2030;
$29 per hour in 2031.

Starting in 2032, the minimum wage for all workers will be $30 per hour. After that, annual adjustments are planned to take into account the cost of living. Increases will be tied to inflation.