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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.
Minimum wage increases in the past few years have helped Americans keep pace with annual inflation that reached a 40-year high of 9.1% in mid-2022 before gradually falling to 2.6% recently.
Starting on Jan. 1, 2024, minimum wage will increase by $1 bringing it up to $15.13 per hour for most employees. Additionally, wages will increase for: Seasonal and small employees to $13.73 per ...
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.
A majority (56%) believe that raising the minimum wage will help the economy, 16% believe it won't make a difference, and only 21% felt it would hurt the economy. [181] Regardless of the ruling, the idea of raising the minimum wage to $15 by 2025 from its current $7.25 is broadly popular, a Reuters/Ipsos poll found.
Gov. Phil Murphy on Wednesday acknowledged that he hadn’t had discussions with legislative leaders, who would need to support such an increase. Is a $15 minimum wage still too low? Gov.
Gov. Phil Murphy signed a bill raising New Jersey's minimum wage to $15 an hour during a ceremony at headquarters of immigrant advocacy group Make The Road NJ in Elizabeth on Monday, February 4, 2019.