Nj Minimum Wage 2024 Small Business Administration. Yahoo finance’s zack guzman and akiko fujita discuss new jersey’s minimum wage increase with tom bracken, new jersey chamber of commerce. Currently, the minimum wage is set to increase $1 every year until reaching $15 per hour in 2024.

Beginning on january 1, 2024, the nj minimum wage increases to $15.13 per hour. “small” employers, as defined as having less than 6 employees, and seasonal employers can incrementally raise their minimum wage across the next two (2).