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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.
An effort to boost the state’s minimum wage to $12 by 2025 didn’t ... Though some lawmakers recently backed an increase to $10 by 2022 and ... New Jersey: $14. New Jersey’s minimum wage ...
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.
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.
List of minimum wages by country/Annual wage/PPP: Takes the same input, but returns the result as 2011 international dollars instead of 2012 US dollars. List of minimum wages by country/Annual wage/USD: Takes the same input, but reports the annual rather than hourly wage.
Minimum wage increase in NJ 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:
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