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NJ minimum wage to increase in 2025
Having surpassed $15 per hour to start 2024, the state constitution calls for the rate to increase annually based on any uptick in the Consumer Price Index.
With minimum wage boost – to $24/hour – Bank of America moves closer to goal
With the increase, the base annualized salary for full-time U.S. employees will rise to nearly $50,000 – while the starting salary will have gone up by nearly $20,000 since 2017.
NJ minimum wage crosses $15 threshold
"[T]his is a proud moment for New Jersey as we become one of the few states with a minimum wage above $15 an hour that will continue to be adjusted each year for inflation,” said Department of Labor and Workforce Development Commissioner Robert Asaro-Angelo.
NJ minimum wage set to surpass $15 an hour
When Gov. Phil Murphy took office in 2018, the hourly rate was $8.60.
New year brings minimum wage increase in New Jersey
The uptick is part of legislation signed by Gov. Phil Murphy in 2019 that calls for the state’s rate to gradually increase to $15 per hour by 2024.
NJ businesses dealing with another cost: minimum wage increase
When the state recently announced the move to $14.13 per hour for most employees, effective Jan. 1, 2023, it was not a shock, but it did add to an ever-more challenging economic climate.
