The planned rise of the city’s $17‑per‑hour minimum wage on Jan. 1, 2027 will not occur. A 2023 state law that ties the minimum wage to the consumer price index did not trigger an adjustment, even though prices in the New York area have risen about 4% over the past year.
Because the indexing provision in the law requires a specific trigger that was not met, the wage remains unchanged at $17 per hour for low‑wage workers in New York City.