NJ Assembly Set to Consider Bill Phasing in $15 Minimum Wage

new jersey minimum wage
New Jersey’s state capitol building in Trenton. (Lowlova)

New Jersey lawmakers will begin considering a bill to hike the minimum wage to $15 an hour by 2024.

The Assembly Labor Committee is set to consider the legislation Thursday.

Gov. Phil Murphy, Senate President Steve Sweeney and Assembly Speaker Craig Coughlin, all Democrats, announced a deal on the wage last week.

Thursday’s hearing represents the public’s first chance to comment on the bill containing the deal.

New Jersey would join California, Massachusetts and New York in phasing in a $15 hourly wage if the bill is enacted.

The proposal would raise today’s rate from $8.85 to $10 by July 1, climbing by $1 annually until reaching $15 in 2024.

It’s not an across-the-board hike. Farm workers’ wages will climb to $12.50 over five years, for example.