Indexing the minimum wage to labor productivity will improve workers' standard of living as the economy grows: New York minimum wage over time and projected 1968 minimum wage value if it had grown with productivity, 1960–2022, and Raise Up New York projected values, 2023–2026
| Year | New York state nominal min. wage | Upstate New York nominal min. wage | Projected min. wage for upstate New York | Nassau, Westchester, and Suffolk counties nominal min. wage | Projected min. wage for Nassau, Westchester, and Suffolk counties | New York City min. wage | Projected min. wage for NYC and suburb counties | Projected if the min. wage rose with productivity | Projected if the min. wage rose with productivity |
|---|---|---|---|---|---|---|---|---|---|
| 1960 | $1.00 | $ 1.10 | |||||||
| 1961 | $1.15 | $ 1.15 | |||||||
| 1962 | $1.15 | $ 1.21 | |||||||
| 1963 | $1.25 | $ 1.27 | |||||||
| 1964 | $1.25 | $ 1.33 | |||||||
| 1965 | $1.25 | $ 1.39 | |||||||
| 1966 | $1.25 | $ 1.48 | |||||||
| 1967 | $1.50 | $ 1.54 | |||||||
| 1968 | $1.60 | $ 1.66 | |||||||
| 1969 | $1.60 | $ 1.74 | |||||||
| 1970 | $1.85 | $ 1.86 | |||||||
| 1971 | $1.85 | $ 2.03 | |||||||
| 1972 | $1.85 | $ 2.18 | |||||||
| 1973 | $1.85 | $ 2.35 | |||||||
| 1974 | $2.00 | $ 2.51 | |||||||
| 1975 | $2.10 | $ 2.80 | |||||||
| 1976 | $2.30 | $ 3.03 | |||||||
| 1977 | $2.30 | $ 3.25 | |||||||
| 1978 | $2.65 | $ 3.51 | |||||||
| 1979 | $2.90 | $ 3.80 | |||||||
| 1980 | $3.10 | $ 4.11 | |||||||
| 1981 | $3.35 | $ 4.58 | |||||||
| 1982 | $3.35 | $ 4.82 | |||||||
| 1983 | $3.35 | $ 5.18 | |||||||
| 1984 | $3.35 | $ 5.52 | |||||||
| 1985 | $3.35 | $ 5.80 | |||||||
| 1986 | $3.35 | $ 6.04 | |||||||
| 1987 | $3.35 | $ 6.21 | |||||||
| 1988 | $3.35 | $ 6.53 | |||||||
| 1989 | $3.35 | $ 6.86 | |||||||
| 1990 | $3.80 | $ 7.22 | |||||||
| 1991 | $4.25 | $ 7.54 | |||||||
| 1992 | $4.25 | $ 8.02 | |||||||
| 1993 | $4.25 | $ 8.26 | |||||||
| 1994 | $4.25 | $ 8.51 | |||||||
| 1995 | $4.25 | $ 8.72 | |||||||
| 1996 | $4.75 | $ 9.07 | |||||||
| 1997 | $5.15 | $ 9.41 | |||||||
| 1998 | $5.15 | $ 9.73 | |||||||
| 1999 | $5.15 | $ 10.15 | |||||||
| 2000 | $5.15 | $ 10.63 | |||||||
| 2001 | $5.15 | $ 11.06 | |||||||
| 2002 | $5.15 | $ 11.56 | |||||||
| 2003 | $5.15 | $ 12.22 | |||||||
| 2004 | $5.15 | $ 12.89 | |||||||
| 2005 | $6.00 | $ 13.53 | |||||||
| 2006 | $6.75 | $ 14.04 | |||||||
| 2007 | $7.15 | $ 14.54 | |||||||
| 2008 | $7.15 | $ 14.91 | |||||||
| 2009 | $7.25 | $ 15.40 | |||||||
| 2010 | $7.25 | $ 16.09 | |||||||
| 2011 | $7.25 | $ 16.44 | |||||||
| 2012 | $7.25 | $ 16.82 | |||||||
| 2013 | $7.25 | $ 17.21 | |||||||
| 2014 | $8.00 | $ 17.62 | |||||||
| 2015 | $8.75 | $ 17.97 | |||||||
| 2016 | $9.00 | $9.00 | $9.00 | $9.00 | $ 18.22 | ||||
| 2017 | $9.70 | $10.00 | $11.00 | $ 18.75 | |||||
| 2018 | $10.40 | $11.00 | $13.00 | $ 19.42 | |||||
| 2019 | $11.10 | $12.00 | $15.00 | $ 19.99 | |||||
| 2020 | $11.80 | $13.00 | $15.00 | $ 20.51 | |||||
| 2021 | $12.50 | $14.00 | $15.00 | $ 21.50 | $ 21.50 | ||||
| 2022 | $13.20 | $13.20 | $15.00 | $15.00 | $15.00 | $15.00 | $ 22.61 | ||
| 2023 | $13.20 | $15.00 | $15.00 | $ 24.79 | |||||
| 2024 | $16.00 | $17.25 | $17.25 | $ 26.09 | |||||
| 2025 | $18.00 | $19.25 | $19.25 | $ 27.28 | |||||
| 2026 | $20.00 | $21.25 | $21.25 | $28.35 | |||||
| 2027 | |||||||||
| 2028 |
Notes: Inflation measured using CPI-U-RS. Productivity is measured as total economy productivity net depreciation. In 1968, the federal minimum wage achieved its highest real value. In 2016, New York created three separate minimum wages for New York City, Nassau, Westchester, and Suffolk counties, and the remainder of the state.
Sources: EPI analysis of the Raise Up New York legislation, Fair Labor Standards Act and amendments and history of New York minimum wage. Total economy productivity data from the Bureau of Labor Statistics Labor Productivity and Costs program.