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NJ Rates to Rise in 2024

Workers' Compensation

For example, seasonal employers and businesses with six or fewer employees have until 2026 to pay their workers at least $15/hour. Employees who work on a farm for an hourly or piece-rate wage will see their minimum hourly wage increase by 80 cents to $12.81/hour, The benefit rates and taxable wage base 2024 reflect the $1,507.76