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January 17, 2019

New Jersey reaches agreement to raise minimum wage to $15 an hour

For most workers, the pay raise will be complete by 2024

Minimum Wage Labor
New Jersey State Legislature Screenshot/Google Street View

New Jersey State Legislature building in Trenton.

New Jersey Gov. Phil Murphy and lawmakers reached an agreement Thursday to raise the state’s minimum wage to $15 an hour by 2024.

The deal will apply to most workers in the state, and will take effect gradually over the next five years, according to The deal will raise the minimum wage to $10 an hour this July, and then raise it by $1 each year until 2024.

Some workers, including employees at small businesses, will have to wait longer than five years.

Farm workers’ pay, which held up discussions at multiple stages, will be capped at $12.50 in 2024, according to State officials will decide at that time whether to raise farm workers’ minimum wage to $15 an hour.

A worker earning $15 an hour and working 40 hours a week would earn $31,200, before taxes, in a year.

“No one working a full-time job should ever live in poverty,” Murphy tweeted Thursday. “Putting the minimum wage on a clear and responsible path to $15/hour is good for workers, good for our businesses, and good for our economy.”

New Jersey’s deal comes just over a month after Philadelphia City Council passed a fair workweek bill which included raising the minimum wage for city workers to $15 an hour by 2023.

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