Minimum Wage In Nj 2024 Impact On Economy. As of 2024, the uk’s national living wage is set at £10.42 per hour for workers aged 23 and over, which equates to about $12.69 usd. Effective january 1, 2024, new jersey’s statewide minimum wage is $15.13 for most employees.
The law will raise the minimum wage rate from the current rate of $8.85 per hour to at least $15.00 an hour by 2024. The state’s minimum wage is scheduled to increase again — to $14.13 an hour starting jan.