$15 Minimum Wage Passes Assembly Committee

Gov. Phil Murphy, Senate President Steve Sweeney (D-3) and Assembly Speaker Craig Coughlin (D-19) announced last week that they reached an agreement on terms to raise the state’s minimum wage to $15 per hour.

According to their announcement, the base minimum wage for New Jersey workers would increase to $10 per hour on July 1, 2019. The following January 1 (2020), the statewide minimum wage would increase to $11 per hour, and then would increase by $1 per hour every new year until it reaches $15 hour in 2024.

Several categories of workers will reach the $15 per hour wage later. Seasonal workers and employees at small businesses of five workers or less would reach $15 per hour by January 1, 2026.

The measure (A15) passed the Assembly Labor Committee (6 to 3) yesterday along party lines. It now goes to the Assembly Appropriations Committee for consideration due to its potential impact on the state budget.

The New Jersey Credit Union League (NJCUL) had requested the small employer exemption be increased from to 25 workers and not for profit entitles be afforded a 10-year phase-in period neither of which appears to be in the compromise reached last week.