The city’s $17‑per‑hour minimum wage will stay unchanged on Jan. 1, 2027 because a 2023 New York state law ties wage adjustments to the consumer price index.
Inflation has risen about 4% over the past year, but the CPI‑linked provision in the law prevents an increase, leaving low‑wage workers at the same hourly rate.
City officials noted that the indexing mechanism in the state law means the scheduled raise does not take effect despite the rise in prices.