In keeping with the gradual increase in the State’s minimum wage levels, the new tiered rates across the State, effective, the minimum wage in New Jersey … The minimum wage in New Jersey is currently $8.85, and raising it to $15 would boost the incomes of more than 1 million people in the state, according to New Jersey Policy Perspective, a … That's a 35% increase in less than one year. The minimum wage will increase $1 every year until reaching $15 per hour in 2024. New Jersey Minimum Wage 2020. Labor advocates have argued the current minimum wage of $8.85 is too little to afford even basic needs in New Jersey, with someone working 40 hours a week at the current minimum wage… New Jersey’s mandatory minimum wage requirement will be effective January 1, 2021. 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. 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. In 2020, the NJ state minimum wage increased by $1.00 from $10.00 per hour to $11.00. The law requires the payment of time and one half per hour for actual hours worked in excess of 40 hours (overtime), with certain exemptions. Jersey City, on the Hudson River just north of Lower Manhattan, is the location of Liberty State Park, where the Statue of Liberty, also called Ellis Island, lies in a historic district. New Jersey to increase the minimum wage to $15 by 2024. New Jersey Minimum Wage New Jersey is an eastern U.S. state having some 130 miles of ocean coast. Minimum Wage 2021. The state-wide minimum wage for New Jersey is $11.00 per hour as of January 01, 2020.. View all New Jersey minimum wage values The New Jersey State Wage and Hour Law establishes a minimum wage rate and overtime rate for all workers in New Jersey that are covered by the Act.. New Jersey’s minimum wage will increase for employers on January 1st, 2021. For most employers, the 2021 minimum wage for compensating employees will be $12 per hour (up from $11 per hour in 2020). The effective minimum wage for the majority of employers will rise to $12.00 an hour, with seasonal and small employers seeing a rise to $11.10, and the minimum wage for tipped workers rising to … The effective minimum wage for the majority of employers will rise to $12.00 an hour, with seasonal and small employers seeing a rise to $11.10, and the minimum wage for tipped workers rising to … Democratic Gov. New Jersey’s minimum wage will increase for employers on January 1st, 2021. For most employers, the minimum wage increases to $10 per hour on July 1, 2019 and to $11 on January 1, 2020. In keeping with the gradual increase in the State's minimum wage levels, the new tiered rates across the State, effective, the minimum wage in New Jersey for most employers will increase to $12.00 an hour effective January 1, 2021. The new law takes effect on July 1, 2019. New Jersey lawmakers reached an agreement Thursday to raise its minimum wage to $15 by 2024.