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.
And the massive ranks of these underemployed seems set to surge further in the months to come, as many New York employers slash hourly payrolls while the minimum wage rises to $15 an hour, The Post has learned. Starting on the first of this year, small business owners were required to raise the hourly rate by $1.50, bringing it to $12.