Governor Murphy Signs New Jersey $15 Minimum Wage Bill

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NEW JERSEY -

Governor Phil Murphy has signed a measure into law to raise the state's minimum wage to $15 an hour over the next five years.

Murphy signed the legislation on Monday, February 4th, alongside Democratic legislative leaders.

The bill raises the current $8.85 minimum wage to $10 an hour in July, and then increases the rate by $1 each year until it reaches $15 in 2024.

New Jersey is the fourth state, along with the District of Columbia, to enact a phased-in $15 minimum wage.

Murphy promised to raise the rate as part of his campaign for governor.

Republicans and many businesses oppose the higher rate, saying it will raise costs.

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