Increases the minimum wage annually; repealer

This bill, the "Raise the Wage Act," increases New York's minimum wage to $21.25 per hour in New York City by 2028, $17.25 in the city's suburbs (Nassau, Suffolk, Westchester) by 2026, and gradually across the rest of the state. It repeals current static wage provisions and establishes automatic annual adjustments tied to inflation and productivity, mirroring the formula used for upstate wages since 2022. The bill directly affects all hourly workers covered under New York's labor law, particularly in low-wage sectors like home care and childcare. This indexing mechanism aims to prevent future erosion of purchasing power, ensuring wages keep pace with rising living costs.