Rating Newest Oldest. Best Answer: A project concept is a complete documentation of the proposed project but needs to be implemented yet. The term concept means that it is under planning and processing for implementation.
The minimum wage both in NY and under federal law currently is $7.25 per hour. It will rise to $8 per hour effective December 31, 2013, $8.75 per hour effective December 31, 2014, and $9 per hour effective December 31, 2015.
The legislation also sets a different schedule of increases for New York City businesses with 10 or fewer employees. The current minimum wage in New York is $9.00 per hour, while fast food workers in chain restaurants are currently entitled to a minimum wage of $10.50 in New York City and $9.75 outside of New York City. The schedule of minimum wage increases is as follows: