Page 73 - 2021 Costello's Ace - Give No Ground - 2021 Strategic Planning
P. 73
Minimum Wage Increases and Impacts
MARYLAND MIN WAGE NEW JERSEY MIN WAGE LONG ISLAND MIN WAGE NYC MIN WAGE
Date Minimum Wage Date Minimum Wage Date Minimum Wage Date Minimum Wage
1/1/2020 $11.00 1/1/2019 $8.85 12/31/2019 $13.00 12/31/2018 $15.00
1/1/2021 $11.75 7/1/2019 $10.00 12/31/2020 $14.00
1/1/2022 $12.50 1/1/2020 $11.00 12/31/2021 $15.00
1/1/2023 $13.25 1/1/2021 $12.00
1/1/2024 $14.00 1/1/2022 $13.00
1/1/2025 $15.00 1/1/2023 $14.00
1/1/2024 $15.00
Projected Impact of Minimum Wage Increases in 2021 for Sales Associates
LI NY Maryland New Jersey Total Impact
$282,600 $41,500 $44,000 $368,100
250 – 75 – 25
