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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.
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. [179] 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.
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 February 2019, when Gov. Phil Murphy signed a bill gradually raising the minimum wage, $15 an hour had the same purchasing power that $18.64 had in May 2024’s dollars, according to the ...
In New Jersey, the minimum wage will reach $15 per hour in 2024. [85] 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. [5] In May 2019, Connecticut passed a $15 per hour law.
According to the Economic Policy Institute, workers in 21 states got a raise on New Year’s Day in 2022. Minimum wage increases ranged from $0.22 to $1.50 an hour, adding between $458 and $3,120 ...
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 ...