What is the lowest salary in NYC?

The state-wide New York minimum wage will rise to $14.20 per hour on Dec. 31, 2022. Currently, the minimum wage in New York is $13.20 an hour. The minimum wage in New York City, Long Island, and Westchester County will remain $15 an hour.

fox5ny.com - How much New York's minimum wage will increase on Dec. 31, 2022

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The New York minimum wage in areas outside the New York City area is set to increase on the last day of the year. The state-wide New York minimum wage will rise to $14.20 per hour on Dec. 31, 2022. Currently, the minimum wage in New York is $13.20 an hour. The minimum wage in New York City, Long Island, and Westchester County will remain $15 an hour. The state agreed to a statewide minimum wage of $15 as part of the 2016-2017 state budget. It called for the increase to take place in a series of wage increases.

RELATED: NYC wants $23.82 minimum wage for Uber Eats drivers

Tipped workers in New York City also fall under the $15 an-hour minimum wage but employers can take up to $5 an hour off the wage as tip compensation. The law also says that when tips are charged on credit cards, an employer can take out the employee’s prorated share of the service charge taken by the credit card company for the processing of the tip.

RELATED: NJ minimum wage set to increase on Jan. 1, 2023

So, if a customer leaves a $20 tip on a credit card payment and the credit card fees on that portion of the payment equals $1, the restaurant would only have to give the employee $19. At the start of 2017, the statewide minimum wage was $9.70. It was $10 an hour on Long Island & Westchester County. In New York City, businesses with less than 10 employees were required to pay $10.50 an hour and larger employers were obligated to pay $11 an hour.

RELATED: $21 minimum wage in NY?

Some critics of the current minimum wage say that it needs to be adjusted even higher. A new bill being introduced would increase the minimum wage to $21.25 by January 2027 for the entire state. "There are 2 million minimum-wage workers in New York that need a raise," Strong Economy for All's Michael Kink said. "By adjusting the minimum wage for the higher cost of living and rising prices, and then indexing it going forward, we can make sure that those workers get what they need to put food on the table and pay their rent.

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What income is top 2 percent?

Across the US, the average income for the top 2% of all earners is $206,000.

businessinsider.com - Top Earners of Every US State - Business Insider

Across the US, the average income for the top 2% of all earners is $206,000. But among women in the top 2%, the average salary is $145,000, compared to $371,000 for men, according to an analysis of the 2015 American Community Survey by labor economics research firm Job Search Intelligence (JSI). That means the average woman in the top 2% makes just 39 cents for every dollar a man makes. Overall, women earn an average of 79 cents for every dollar a man makes in the US, according to a 2016 report published by the Joint Economic Committee Democratic Staff. While striking, the pay gap at the top isn't likely a matter of women being paid significantly less than their male counterparts, but rather that women are underrepresented at the highest levels of management. In fact, in some states, so few women make it into the top 1% — which requires an average annual salary of $389,436 or more, based on calculations by the Economic Policy Institute — that, to protect anonymity, salary data is not reported by gender, according to JSI. That's why we're comparing earnings among the top 2%, instead of the more standard top 1% of earners. Below, see the average income for the top earners in every US state — listed from the smallest gender wage gap to the largest — as well as the average income for women and men in the top 2% of all earners.

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