NEW JERSEY — The statewide minimum wage in New Jersey will reach a record high in 2024, increasing by $1 to $15.13 per hour for most workers according to state officials.
And once the minimum wage reaches $15.13, it will continue to increase each year – either based on inflation, or using the rate specified in legislation that Gov. Phil Murphy signed in 2019.
“As we approach this long-awaited benchmark, I am hopeful that New Jersey workers will be able to improve their quality of life and secure a better future for their families in the middle class,” Murphy said. “Our Administration will continue to prioritize our workers, who are the backbone of our economy.”
The now term-limited Democrat promised to raise the state’s minimum wage when he was campaigning for governor; it was $8.60 per hour when he took office in 2018.
Under the law he signed in 2019, the New Jersey Department of Labor sets state minimum wage each year - either calculating it based on the Consumer Price Index, or according to the rate set out in the law (whichever is a higher amount).
Most employers have seen a $1 per hour increase since January 1, 2020. However, inflation raised the minimum wage an extra 13 cents in 2023.
“This is a proud moment for New Jersey as we prepare to become one of only a handful of states with a minimum wage above $15 an hour,” said Labor Commissioner Robert Asaro-Angelo.
New Jersey joins four other states (California, Connecticut, Massachusetts, and Washington) with minimum...
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