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Virginia marijuana legalization 2020. In 2020 the nj state minimum wage increased by 100 from 1000 per hour to 1100. The 2020 new jersey state minimum wage rate is 885 per hour. Graph and download economic data for state minimum wage rate for new jersey sttminwgnj from 1968 to 2020 about minimum wage nj wages rate and usa.
States may institute their own minimum wage above this level but may not go below it. You are entitled to be paid the higher state minimum wage. New jerseys minimum wage date most employers seasonal small employers fewer than 6 agricultural employers cash wage for tipped workers january 1 2019 885 885 885 213 july 1 2019 1000 no change no change 263 january 1 2020 1100 1030 1030 313 january 1 2021 1200 1110 1044 413.
The new law raises the current rate of 885 to 15 by 2024. On monday new jersey became the fourth state to raise its hourly minimum wage by a significant amount and commit to a 15 minimum wage in the next few years. The federal minimum wage hasnt gone up since 2009 the longest such stretch in the history of the us.
The way in which minimum wage increases are calculated in the state of nj is through the consumer price index which takes into account the cost of living and other variables. New jerseys state minimum wage rate is 1100 per hourthis is greater than the federal minimum wage of 725. Each year the minimum wage will increase based on the consumer price index cpi or by at least 100 whichever is greater.
And with these new laws come further regulations for employers to follow as we see here with new jersey. New jersey minimum wage 2020. Minimum wage workers in nj earn a total of 35400 per week or 1840800 per year.
The minimum wage applies to most employees in new jersey with limited exceptions including tipped employees some student workers and other exempt occupations. Phil murphy signed a new minimum wage bill into law on feb. The minimum wage in new jersey is set at the federal minimum wage levelthe united states federal government established the minimum wage for 2012 at 725.
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