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.
New York Rings in New Year with Minimum Wage Hike. New York will ring in the new year with a minimum wage hike. On Thursday, the state's minimum wage jumps to $9 from $8.75. Tipped workers, who earn between $4.90 and $5.65, will see their minimum hourly rate increase to $7.50, according to the Wall Street Journal.