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“The New York minimum wage has risen from $1.15 an hour in 1962 to $8.75 an hour now, with plans to boost it to $11.50 an hour in New York City and $10.50 an hour in the rest of the state by the end of 2016. The chart below, based on data from the New York State Department of Labor, traces the rise and the proposal.”
Note, most things needed to live today cost 20 times more than 1962.
http://data.newsday.com/long-island/data/news/minimum-wages/