New Jersey Workers Gain Minimum Wage Increase
The minimum wage for workers in New Jersey rose from US$8.85 to $10 an hour yesterday, NJ.com reports.
This increase is the first step toward a $15 hourly minimum wage.A second hike on January 1, 2020 will bring the minimum wage to $11. From then on, the wage will increase by $1 each January until it reaches $15 in 2024. After 2024, annual increases will be based on changes in the consumer price index.
Not all minimum wage workers received the $1 increase yesterday. Those working at small businesses with five or fewer employees, seasonal businesses, and farms won’t see a wage hike until January 1, 2020 when they receive $10.30 an hour. These workers will not receive $15 an hour until 2026, except for farm workers, who will top out at $12.50 in 2024.