New Jersey: Minimum Wage Increase Effective July 1, 2019
New Jersey Governor Phil Murphy has signed legislation raising New Jersey’s minimum wage for companies with 6 or more employees to $10 per hour effective July 1, 2019.
The legislation also increases the minimum wage gradually over a five-year period from the current $8.85 per hour to $15 per hour by 2024.
As outlined by JD Supra, and as calculated by the federal goverment:
“Once the minimum wage reaches $15 per hour in 2024, it will continue to increase based on the consumer price index for all urban wage earners and clerical workers (CPI-W)”.
Employers should review any new legislation tied to states in which they conduct business and/or have employees to ensure compliance.
For more details and a calendar of the minimum wage increases, please click here.
The information included in this blog post originally appeared in an article from JD Supra on February 13, 2019, written by Sean Kirby.