- March 1, 2016
- Fiscal Policy Institute
- Staff Report
Gradually raising the New York State minimum wage from its current level of $9/hour to $15/hour by 2019 in New York City and mid-2021 in the rest of the state would give a much needed raise to 1.1 million immigrant workers. In all, there are 3.2 million New York workers who will benefit from the phased-in wage increase, which would on average increase wages by $4,900 per year. These numbers reflect the workers who would gain once a phased-in minimum wage is fully in place. Setting a wage floor at $15/hour will disproportionately benefit immigrants, who are more likely to be in lower-wage jobs than their U.S.-born counterparts. Forty-three percent of all immigrants working in the state would get a raise, as would 36 percent of all workers.