When Does Minimum Wage Increase 2024. To do this, we project a range for next year’s national living wage (nlw, the minimum wage for workers aged 21 and over). On december 27, 2023, governor kathy hochul announced an increase in new york state’s minimum wage, set to take effect on january 1, 2024.

This includes all national minimum wage rates and the national living wage rate. The national living wage and national minimum wage will both increase from 1 april 2024.