The Associated Press is reporting the minimum wage in New York will increase from $8 to $8.75 an hour on New Year’s Eve. The hourly wage could rise further if lawmakers pass another increase during the 2015 legislative session. Supporters of a higher wage are calling for a $10.10-per-hour minimum and want to give cities like New York the authority to raise it even more. Opponents say another wage hike could increase labor costs and prompt employers to cut jobs. The wage hike was one of a series of increases approved by the Legislature in 2013. Minimum wage is set to increase again on Dec. 31, 2015, to $9 per hour. The increase this year will impact an estimated 700,000 workers.