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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 ... The federal minimum wage applies in states with no state minimum wage ...
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 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 ...
New Jersey’s minimum wage is $15.13 an hour — the highest it’s ever been. ... $15 an hour had the same purchasing power that $18.64 had in May 2024’s dollars, according to the federal ...
The first federal minimum wage was created as part of the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but declared unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars).