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The increase was part of a scheduled hike stemming from a 2019 bill signed by New Jersey Gov ... The minimum hourly wage for these employees will increase to $14.53 on Jan. 1, up from $13.73 ...
The 36-cent-an-hour increase comes after a years-long ramp-up. When Gov. Phil Murphy took office in 2018, the state minimum wage was $8.60. NJ minimum wage rising to $15.49 an hour in 2025.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hourly wage plus tip income equals at least the minimum wage. Persons under the age of 20 may be paid $4.25 an hour for the first 90 calendar days of employment (sometimes known as a youth, teen, or training wage) unless a higher state ...
Termini breaks it down: “That means a person who expects to make $175,000 in 2025 would be subject to an additional $396.80 in Social Security withholding (for the whole year, not per paycheck).”
The United States federal government requires a wage of at least $2.13 per hour be paid to employees who receive at least $30 per month in tips. [4] If wages and tips do not equal the federal minimum wage of $7.25 per hour during any week, the employer is required to increase cash wages to compensate. [5]
If your first paycheck of 2025 falls on Friday, Jan. 10, you will receive three paychecks in May: May 2, May 16 and May 30 − and October: Oct. 3, Oct. 17 and Oct. 31.
In New Jersey, the minimum wage will reach $15 per hour in 2024. [83] In March 2019, both Maryland and Illinois have explicitly passed laws or statutes on the process of "gradually increases over several years" raising their state minimum wage to at least $15 per hour. [6] In May 2019, Connecticut passed a $15 per hour law.