About 1 million New Yorkers who stock store shelves and hold other low-wage jobs will get a pay boost in 2024.

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The Daily Briefing

YOUR MORNING NEWS ROUNDUP

Tue Jan 2 2024
 

NY's minimum wage to hit $15 upstate in 2024. It'll keep rising
Salaries differ massively across the globe and highlight how much or little people live on to get by. Several different factors affect salaries including work opportunities available in a country, a country's level of wealth, the minimum wage (if one exists at all), and the income tax rate. The crowd-sourced global database Numbeo has computed the average monthly net (after-tax) salary in some 109 countries around the world. 24/7 Wall St. drew on their data to reveal the 25 nations with the highest take-home pay. It may surprise no one to learn that the most prosperous country on the list, by a good measure, is Switzerland. Perhaps more unexpectedly, economically thriving South Korea, which boasts the fourth-largest GDP in Asia, takes the bottom place, followed by two generally affluent Western European countries, Austria and Belgium -- both among the richest countries in the world . A country's average salary can illuminate some aspects of its economy but it doesn't tell us anything about wealth distribution, of course. The United States has the fifth-highest average after-tax salary on this list, at $3,560 a month. But a full-time employee working a job for the federal minimum wage of $7.25 an hour brings in only $1,160 a month -- just over $1,000 a month for a worker in New York State, for instance, about on a par with the average take-home pay in Slovakia or Lebanon. Meanwhile, according to Credit Suisse's Global Wealth Report, in 2020 there were 20.27 millionaires in America -- and the U.S. isn't even one of the countries with the widest gaps between rich and poor.

About 1 million New Yorkers who stock store shelves and hold other low-wage jobs will get a pay boost in 2024.

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Contestant Madison Lendor, as seen on "Kids Baking Championship," Season 12.
 

Monroe-Woodbury student to compete on Food Network kids baking show

 

12-year-old Madison Lendor is one of a dozen young bakers showcased on season 12 of "Kids Baking Championship" on the Food Network.

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Grasscloth wall coverings
 

Does your home need a refresh? Interior design predictions for 2024

 

While these trends are things that might become popular for homes in 2024, they're just meant to inspire you for ways to make your space your own.

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The 2007 New Year's Eve celebration in Times Square. Photo provided by the Times Square Alliance.
 

How to set and stick to your New Year's resolution in 2024

 

Forbes conducted a survey to determine the top New Year's resolutions for 2024. See where your resolution lands and how to actually stick to it.

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Clarkstown Police have cordoned off the scene of an apparent murder/suicide at 10 Clydesdale Ct. in New City on Saturday, Dec 30, 2023.
 

New City family of four found dead in murder-suicide, police say

 

A veteran Bronxville police sergeant is believed to have killed his wife and two young boys before killing himself, Clarkstown police said

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