Gov. Phil Murphy signed legislation to raise New Jersey minimum wage Tuesday morning. So, what does this mean for you?

This pay boost of $15/hour is set to gradually increase over a five year time span.

The first large hourly increase set to to go into effect from $8.85/hour to $10/hour starting July 1st.

Here is the rest of the breakdown: 

  • $11 on Jan. 1, 2020,
  • $12 on Jan. 1, 2021,
  • $13 on Jan. 1., 2022,
  • $14 on Jan. 1, 2023
  • $15 on Jan. 1, 2024.

Overall the goal is to be fair to all NJ workers. According to NJ.com, the minimum wage increase will benefit more then 1 million workers

Of course there are some exception to the increased pay. Here are how different parties will be effected: 

Teen Workers - They'll get the minimum wage hike along with most other workers.