New Jersey Increases Minimum Wage
New Jersey joins a national trend of at least ten states that have tied their minimum wage increases to inflation after voters approved an amendment to the State Constitution on November 5, 2013. Cost-of-living adjustments will occur every September 1 and are tied to the Consumer Price Index. Voters also approved an increase in minimum wage from $7.25 per hour to $8.25. New Jersey’s increase of $1.00 in 2014 is more than the 2014 minimum wage increase of Connecticut and New York, but both states increase to $9 in subsequent years.
Connecticut’s minimum wage will increase from $8.25 to $8.70 on January 1, 2014, and to $9 a year later. New York’s minimum wage will increase from $7.25 to $8.00 on December 31, 2013, to $8.75 on December 31, 2014, and to $9 on December 31, 2015. Neither state has taken the step to tie future increases to inflation.
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