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.
For âsmallâ New York City employers (those with fewer than 11 employees), the minimum wage will increase in smaller increments and will take an additional year to reach $15.00 per hour. More specifically, the minimum wage for New York City employees will increase in accordance with the following schedule: