Minimum Wage Increase in 2023
Beginning January 1, 2023, New Jersey’s minimum wage will increase by $1.13 to $14.13 per hour for most of its workforce.
Minimum wage increases are determined by the New Jersey Department of Labor and Workforce Development (NJDOL) using either a rate specified in the law passed by Governor Murphy or a calculation based on the Consumer Price Index (CPI). Whichever results in the higher number is the one that is used.
Significant increases in the CPI led to Governor Murphy passing a law in 2019 requiring annual increases in the minimum wage until it is $15 an hour.
By 2026, the minimum wage for seasonal and small employers is set to reach $15 per hour. Once the minimum wage hits $15 an hour, increases will solely be determined using a calculation based on the CPI.
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