Table 3
In NYC almost two-thirds of affected workers are between the ages of 25 and 54: Number, shares, and wage increases of affected workers in New York City 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 | 4,342,300 | 1,248,300 | 28.7% | $3,673,498,000 | $2,943 | $1.64 |
| Gender | ||||||
| Men | 2,267,500 | 581,400 | 25.6% | $1,733,865,000 | $2,982 | $1.57 |
| Women | 2,074,800 | 667,000 | 32.1% | $1,939,633,000 | $2,908 | $1.70 |
| Teenager flag | ||||||
| Teenager | 54,700 | 38,300 | 70.0% | $122,162,000 | $3,191 | $2.66 |
| Age 20 or older | 4,287,600 | 1,210,000 | 28.2% | $3,551,336,000 | $2,935 | $1.61 |
| Age category | ||||||
| Age 16 to 24 | 381,800 | 237,900 | 62.3% | $802,072,000 | $3,372 | $2.20 |
| Age 25 to 39 | 1,740,100 | 480,800 | 27.6% | $1,446,833,000 | $3,010 | $1.58 |
| Age 40 to 54 | 1,366,200 | 319,900 | 23.4% | $879,492,000 | $2,749 | $1.44 |
| Age 55 or older | 854,300 | 209,800 | 24.6% | $545,102,000 | $2,598 | $1.45 |
| Race / ethnicity | ||||||
| White | 1,554,500 | 187,800 | 12.1% | $430,780,000 | $2,294 | $1.42 |
| Black | 814,100 | 291,200 | 35.8% | $815,196,000 | $2,800 | $1.58 |
| Latinx | 1,190,300 | 549,200 | 46.1% | $1,794,269,000 | $3,267 | $1.75 |
| AAPI | 664,600 | 186,800 | 28.1% | $547,127,000 | $2,929 | $1.66 |
| Multiracial or Native American | 118,900 | 33,400 | 28.1% | $86,127,000 | $2,580 | $1.51 |
| Person of color | ||||||
| Not person of color | 1,554,500 | 187,800 | 12.1% | $430,780,000 | $2,294 | $1.42 |
| Person of color | 2,787,900 | 1,060,500 | 38.0% | $3,242,718,000 | $3,058 | $1.68 |
| Family status | ||||||
| Married parent | 1,032,400 | 219,600 | 21.3% | $609,319,000 | $2,774 | $1.48 |
| Single parent | 335,400 | 150,900 | 45.0% | $475,333,000 | $3,150 | $1.72 |
| Married, no children | 1,027,800 | 224,000 | 21.8% | $608,239,000 | $2,715 | $1.45 |
| Unmarried, no children | 1,946,800 | 653,800 | 33.6% | $1,980,607,000 | $3,030 | $1.75 |
| Usual weekly work hours category | ||||||
| Part time (<20 hours per week) | 171,900 | 83,800 | 48.8% | $110,727,000 | $1,321 | $2.05 |
| Mid time (20-34 hours) | 513,500 | 323,600 | 63.0% | $888,930,000 | $2,747 | $2.04 |
| Full time (35+ hours) | 3,656,900 | 840,900 | 23.0% | $2,673,842,000 | $3,180 | $1.45 |
| Educational attainment | ||||||
| Less than high school | 434,500 | 307,200 | 70.7% | $1,177,616,000 | $3,833 | $2.01 |
| High school | 869,000 | 442,300 | 50.9% | $1,275,253,000 | $2,883 | $1.58 |
| Some college, no degree | 649,800 | 265,800 | 40.9% | $740,601,000 | $2,786 | $1.70 |
| Associates degree | 299,000 | 89,800 | 30.0% | $214,026,000 | $2,384 | $1.37 |
| Bachelors degree or higher | 2,090,100 | 143,200 | 6.9% | $266,003,000 | $1,858 | $1.10 |
| Major Industry | ||||||
| Agriculture, fishing, forestry, mining | 3,600 | 2,200 | 61.4% | – | – | – |
| Construction | 236,200 | 61,000 | 25.8% | $133,338,000 | $2,185 | $1.10 |
| Manufacturing | 138,700 | 43,000 | 31.0% | $117,413,000 | $2,733 | $1.45 |
| Wholesale trade | 90,600 | 25,200 | 27.8% | $68,090,000 | $2,704 | $1.40 |
| Retail trade | 367,900 | 187,600 | 51.0% | $578,731,000 | $3,086 | $1.83 |
| Transportation, warehousing, utilities | 269,100 | 74,400 | 27.7% | $182,752,000 | $2,455 | $1.25 |
| Information | 177,800 | 13,500 | 7.6% | $30,383,000 | $2,259 | $1.33 |
| Finance, insurance, real estate | 490,000 | 43,500 | 8.9% | $99,986,000 | $2,297 | $1.24 |
| Professional, science, management services | 434,800 | 24,300 | 5.6% | $46,251,000 | $1,902 | $1.15 |
| Administrative, support, waste services | 164,300 | 67,400 | 41.0% | $186,158,000 | $2,761 | $1.51 |
| Educational services | 421,400 | 71,400 | 16.9% | $131,741,000 | $1,845 | $1.35 |
| Healthcare, social assistance | 737,500 | 271,400 | 36.8% | $767,415,000 | $2,828 | $1.60 |
| Arts, entertainment, recreational services | 94,000 | 29,800 | 31.7% | $84,226,000 | $2,826 | $1.80 |
| Accommodation | 53,700 | 19,500 | 36.3% | $57,862,000 | $2,965 | $1.55 |
| Restaurants | 272,600 | 211,100 | 77.4% | $854,451,000 | $4,048 | $2.15 |
| Other services | 183,600 | 84,700 | 46.1% | $288,985,000 | $3,413 | $1.82 |
| Public administration | 206,600 | 18,400 | 8.9% | $37,404,000 | $2,038 | $1.10 |
| Sector | ||||||
| For profit | 3,223,500 | 1,058,800 | 32.8% | $3,216,546,000 | $3,038 | $1.68 |
| Nonprofit | 467,400 | 99,500 | 21.3% | $248,375,000 | $2,497 | $1.53 |
| Government | 651,400 | 90,100 | 13.8% | $208,578,000 | $2,316 | $1.32 |
| Family income category | ||||||
| Less than $25,000 | 391,600 | 298,500 | 76.2% | $1,075,457,000 | $3,603 | $2.06 |
| $25,000 – $49,999 | 686,700 | 370,900 | 54.0% | $1,012,966,000 | $2,731 | $1.44 |
| $50,000 – $74,999 | 663,500 | 195,800 | 29.5% | $555,491,000 | $2,837 | $1.56 |
| $75,000 – $99,999 | 548,800 | 128,500 | 23.4% | $353,909,000 | $2,755 | $1.51 |
| $100,000 – $149,999 | 791,600 | 134,700 | 17.0% | $354,649,000 | $2,632 | $1.50 |
| $150,000 or more | 1,236,000 | 102,600 | 8.3% | $264,153,000 | $2,575 | $1.52 |
| Family income-to-poverty status | ||||||
| In poverty | 255,400 | 197,900 | 77.5% | $715,076,000 | $3,613 | $2.25 |
| 100 – 199% poverty | 519,400 | 375,100 | 72.2% | $1,200,064,000 | $3,199 | $1.72 |
| 200-399% poverty | 1,069,500 | 427,400 | 40.0% | $1,143,334,000 | $2,675 | $1.42 |
| 400%+ poverty | 2,498,100 | 247,900 | 9.9% | $615,025,000 | $2,481 | $1.43 |
Notes: Estimated effect of minimum wage increases through 2026. All wages in 2021 dollars. Some results ommitted due to sample size. 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.
This chart appears in: