Table 2
More than 2 million New York workers would benefit from minimum wage increases: Number, shares, and wage increases of affected workers in New York state through 2026, by select worker characteristics
| Group | Wage-earning workforce | Total affected directly or indirectly | Share affected directly or indirectly | Total change in annual wage bill | Average change in annual wages | Average change in hourly wages |
|---|---|---|---|---|---|---|
| All workers | 8,872,900 | 2,018,500 | 22.7% | $4,365,390,000 | $2,163 | $1.24 |
| Gender | ||||||
| Men | 4,505,800 | 904,900 | 20.1% | $2,040,567,000 | $2,255 | $1.22 |
| Women | 4,367,100 | 1,113,600 | 25.5% | $2,324,823,000 | $2,088 | $1.25 |
| Teenager flag | ||||||
| Teenager | 227,200 | 140,100 | 61.7% | $207,624,000 | $1,482 | $1.28 |
| Age 20 or older | 8,645,700 | 1,878,400 | 21.7% | $4,157,766,000 | $2,213 | $1.23 |
| Age category | ||||||
| Age 16 to 24 | 1,005,200 | 558,900 | 55.6% | $1,094,470,000 | $1,958 | $1.32 |
| Age 25 to 39 | 3,127,600 | 706,800 | 22.6% | $1,662,819,000 | $2,353 | $1.25 |
| Age 40 to 54 | 2,779,600 | 440,400 | 15.8% | $988,325,000 | $2,244 | $1.19 |
| Age 55 or older | 1,960,500 | 312,400 | 15.9% | $619,777,000 | $1,984 | $1.13 |
| Race / ethnicity | ||||||
| White | 4,761,800 | 594,200 | 12.5% | $745,106,000 | $1,254 | $0.83 |
| Black | 1,217,500 | 392,700 | 32.3% | $914,489,000 | $2,328 | $1.32 |
| Latinx | 1,792,100 | 748,400 | 41.8% | $2,015,372,000 | $2,693 | $1.45 |
| AAPI | 882,000 | 225,700 | 25.6% | $583,425,000 | $2,585 | $1.48 |
| Multiracial or Native American | 219,600 | 57,500 | 26.2% | $106,999,000 | $1,861 | $1.12 |
| Person of color | ||||||
| Not person of color | 4,761,800 | 594,200 | 12.5% | $745,106,000 | $1,254 | $0.83 |
| Person of color | 4,111,100 | 1,424,300 | 34.6% | $3,620,284,000 | $2,542 | $1.41 |
| Family status | ||||||
| Married parent | 2,114,400 | 311,000 | 14.7% | $693,545,000 | $2,230 | $1.20 |
| Single parent | 720,100 | 241,500 | 33.5% | $562,757,000 | $2,331 | $1.28 |
| Married, no children | 2,239,900 | 322,200 | 14.4% | $687,775,000 | $2,135 | $1.16 |
| Unmarried, no children | 3,798,400 | 1,143,900 | 30.1% | $2,421,314,000 | $2,117 | $1.26 |
| Usual weekly work hours category | ||||||
| Part time (<20 hours per week) | 513,600 | 214,000 | 41.7% | $164,843,000 | $770 | $1.20 |
| Mid time (20-34 hours) | 1,214,200 | 612,800 | 50.5% | $1,128,755,000 | $1,842 | $1.37 |
| Full time (35+ hours) | 7,145,100 | 1,191,700 | 16.7% | $3,071,793,000 | $2,578 | $1.17 |
| Educational attainment | ||||||
| Less than high school | 796,600 | 469,600 | 59.0% | $1,346,283,000 | $2,867 | $1.54 |
| High school | 1,984,800 | 715,600 | 36.1% | $1,519,980,000 | $2,124 | $1.19 |
| Some college, no degree | 1,548,100 | 483,900 | 31.3% | $930,352,000 | $1,923 | $1.21 |
| Associates degree | 828,700 | 152,000 | 18.3% | $263,554,000 | $1,734 | $1.02 |
| Bachelors degree or higher | 3,714,700 | 197,500 | 5.3% | $305,222,000 | $1,546 | $0.93 |
| Major Industry | ||||||
| Agriculture, fishing, forestry, mining | 32,100 | 11,100 | 34.7% | $18,392,000 | $1,652 | $0.78 |
| Construction | 460,200 | 78,000 | 17.0% | $148,389,000 | $1,902 | $0.96 |
| Manufacturing | 548,100 | 74,300 | 13.6% | $144,343,000 | $1,942 | $1.04 |
| Wholesale trade | 207,200 | 38,000 | 18.3% | $79,617,000 | $2,097 | $1.09 |
| Retail trade | 903,000 | 361,800 | 40.1% | $724,369,000 | $2,002 | $1.23 |
| Transportation, warehousing, utilities | 484,700 | 94,900 | 19.6% | $198,853,000 | $2,096 | $1.08 |
| Information | 265,800 | 20,900 | 7.8% | $35,086,000 | $1,683 | $1.05 |
| Finance, insurance, real estate | 764,900 | 56,500 | 7.4% | $109,748,000 | $1,941 | $1.06 |
| Professional, science, management services | 692,200 | 33,900 | 4.9% | $52,768,000 | $1,556 | $0.96 |
| Administrative, support, waste services | 313,300 | 100,500 | 32.1% | $217,260,000 | $2,161 | $1.19 |
| Educational services | 1,028,100 | 122,700 | 11.9% | $162,665,000 | $1,325 | $1.01 |
| Healthcare, social assistance | 1,521,700 | 383,700 | 25.2% | $863,052,000 | $2,249 | $1.28 |
| Arts, entertainment, recreational services | 190,600 | 60,700 | 31.8% | $112,564,000 | $1,855 | $1.21 |
| Accommodation | 91,800 | 34,800 | 38.0% | $73,175,000 | $2,100 | $1.12 |
| Restaurants | 557,500 | 384,800 | 69.0% | $1,042,577,000 | $2,710 | $1.50 |
| Other services | 371,600 | 136,500 | 36.7% | $340,163,000 | $2,492 | $1.35 |
| Public administration | 439,900 | 25,300 | 5.7% | $42,369,000 | $1,675 | $0.93 |
| Sector | ||||||
| For profit | 6,391,200 | 1,715,200 | 26.8% | $3,825,457,000 | $2,230 | $1.26 |
| Nonprofit | 1,014,700 | 162,500 | 16.0% | $295,654,000 | $1,820 | $1.14 |
| Government | 1,466,900 | 140,800 | 9.6% | $244,280,000 | $1,735 | $1.03 |
| Family income category | ||||||
| Less than $25,000 | 791,800 | 487,400 | 61.6% | $1,248,753,000 | $2,562 | $1.48 |
| $25,000 – $49,999 | 1,400,900 | 518,300 | 37.0% | $1,147,026,000 | $2,213 | $1.19 |
| $50,000 – $74,999 | 1,375,500 | 299,200 | 21.8% | $646,421,000 | $2,160 | $1.21 |
| $75,000 – $99,999 | 1,177,600 | 210,900 | 17.9% | $429,822,000 | $2,038 | $1.15 |
| $100,000 – $149,999 | 1,735,300 | 246,000 | 14.2% | $454,997,000 | $1,850 | $1.10 |
| $150,000 or more | 2,304,000 | 206,200 | 9.0% | $356,214,000 | $1,727 | $1.07 |
| Family income-to-poverty status | ||||||
| In poverty | 538,100 | 355,700 | 66.1% | $856,836,000 | $2,409 | $1.53 |
| 100 – 199% poverty | 1,005,400 | 550,700 | 54.8% | $1,364,106,000 | $2,477 | $1.34 |
| 200-399% poverty | 2,323,900 | 646,100 | 27.8% | $1,340,877,000 | $2,075 | $1.13 |
| 400%+ poverty | 5,005,400 | 466,100 | 9.3% | $803,571,000 | $1,724 | $1.04 |
Note: Estimated effect of minimum wage increases through 2026. All wages in 2021 dollars. AAPI stands for Asian American and Pacific Islander.
Source: Economic Policy Institute Minimum Wage Simulation Model; see Technical Methodology by Dave Cooper, Zane Mokhiber, and Ben Zipperer.
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