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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:
The minimum wage in New Jersey is $15.13 per hour for most workers, effective January 1, 2024. New Jersey has a history of gradually increasing its minimum wage to ensure fair compensation for ...
5 Map showing states increasing minimum wage in 2024. ... New Jersey: $10.00 $11.00 $12.00 ... (Employers subject to the Fair Labor Standards Act must pay the $7.25 ...
New Jersey: $15.13 for employees at companies with six or more employees (up from $14.13) ... 2024. Nevada increases its minimum wage to $12 an hour from $11.25 on July 1. Oregon's current minimum ...
The federal minimum wage was introduced in 1938 at the rate of 25¢ per hour (equivalent to $5.19 in 2022). [77] [7] By 1950 the minimum wage had risen to 75¢ per hour. [81] [7] The purchasing power of the federal minimum wage has fluctuated; it was highest in February 1968, when it was $1.60 per hour.
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
Murphy touted the 2024 increase, which will boost wages above the $15 an hour milestone. But inflation has eroded some of the gains. NJ's minimum wage will rise on Jan. 1 - but not for everyone.
The highest state minimum wage in 2024 will be Washington state, at $16.28, up from $15.74. ... a person would have to earn $15.30 an hour in Pike County just to pay for basic needs ...