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 minimum wage increase will come in increments. On Saturday, New York City businesses with 11 or more employees will have to pay at least $11 an hour, up from the current $9 minimum wage. The minimum wage will go up to $10 an hour for businesses on Long Island and Westchester County, and will increase $1 a year until 2021, when the minimum wage will hit $15 an hour. For smaller businesses in the city with 10 or fewer employees, the minimum wage will go from $9 an hour to $10.50 an hour. It will not be till the end of 2019 that all businesses in New York City will see a $15 an hour minimum wage. Everywhere north of Westchester County, the minimum wage will go to $9.70 on Saturday, and then move to $12.50 an hour by 2020 â with the eventual goal of reaching $15 an hour sometime past that.