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New Jersey Minimum Wage to Increase to $15.00 by 2024

Author: Jessica X.Y. Rothenberg

2/20/2019

Read the full post at HiringToFiring.Law

New Jersey Minimum Wage to Increase to $15.00 by 2024

Q: I have employees who work in New Jersey. What do I need to know about the minimum wage increase?

A: New Jersey recently passed a law that will raise the minimum wage by increments over the next five years. The minimum wage, which currently is $8.85 per hour, will increase to $10.00 per hour on July 1, 2019. It will rise to $11.00 per hour on January 1, 2020, and will increase by one dollar each subsequent year until January 1, 2024, when it will land at $15.00.  Future minimum wage increases after 2024 will be tied to inflation.

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