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.

View the underlying data on epi.org.