New Jersey’s Minimum Wage to Exceed Governor Murphy’s $15/Hour Goal on January 1

New Jersey is set to become one of a handful of states with a minimum wage of at least $15/hour on January 1, 2024 when the rate increases to $15.13/hour, surpassing the goal set by Governor Murphy and the Legislature in 2019.

The increase affects about 350,000 of New Jersey’s roughly 1.9 million hourly workers. Many non-hourly employees will also see at least an indirect benefit from the statewide increase that applies to most workers.