If you make minimum wage now—could you imagine making $8.50 tomorrow? McDonald’s workers get excited because it just might be happening. State Assembly Speakers are in the process of considering raising minimum wage to 8.50. That’s a 17 percent increase from the $7.25 minimum wage that New York is at right now. Now, if NY officials kept up with inflation over the past 40 years minimum wage should be $10.80.