On January 17, New Jersey lawmakers agreed to hike minimum wage incrementally to $15 per hour by 2024. New Jersey’s minimum wage is currently $8.85 per hour, well above the federally required rate of $7.25 per hour. Read more about the new law in this New York Times article.
According to some sources however, by the time the full $15 minimum wage takes effect in NJ in 2024, a minimum wage of $30 will be closer to the amount required for a living wage in NJ. Read specifics about this prediction from NJ.com/data here.
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