This was converted using the national minimum wage of €9.25 per hour for somebody working a 39-hour week over the course of a year.
The annual calculation is based on the percentage increase in the federal Consumer Price Index for Urban Wage Earners and Clerical Workers in the South Region for the 12-month period prior to September 1, 2017, according to the DEO.
Some cities in the Bay Area will have an increase in wages that will be higher. Cuomo estimates more than 2.3 million people will benefit from the wage increase.
"The paid family leave requirements of New York State have taken money out of employee paychecks and have created scheduling challenges for employers in a time when finding employees is hard". It will reach $15 an hour on July 1, 2021. An establishment is considered a fast food restaurant if it "offers limited service where customers order and pay before eating, including restaurants with tables but without full table service and places that only provide take-out service", according to the state Department of Labor.
The minimum wage is slowly being increased to $15 an hour in NY.
"In many cases, our employers are paying beyond minimum wage", he said.
The voter-approved law originally required tipped employees like waiters and waitresses to make minimum wage regardless of how much they made in tips. The minimum wage covers fast-food workers at more than 130 chains operating in NY, including Arby's, Burger King, Chick-fil-A, Dairy Queen, Domino's Pizza, KFC, McDonalds, Panera Bread, Pizza Hut, Starbucks, Subway, Taco Bell and Wendy's.
Starting Monday, small companies - those with 25 or fewer employees - will have to pay workers at least $10.50 an hour, up from $10.