For most employers, the cost of labor is the biggest expense in producing their goods or services. Over the next few years, the minimum wage for non-government workers on Long Island, in Westchester County, and in New York City will be rising to $15.00/hour. The increase will take longer in counties north of Westchester. As labor costs rise, and margins get squeezed, do employers cut employees, cut hours, or raise prices on their goods or services (and possibly lose customers)? Or even go out of business? The table below sets out the minimum wage increases for most employees and is taken from New York's Department of Labor website (because I can't improve on it): Upcoming Minimum Wage Increases The Minimum Wage rates are scheduled to increase each year on 12/31 until they reach $15.00 per hour. Employers must post a Minimum Wage Information poster in their establishment. Location 12/31/16 12/31/17 12/31/18 12/31/19 ...
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