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New Jersey Votes to Increase Minimum Wage
New Jersey residents voted on November 5, 2013 to approve an amendment to the New Jersey Constitution that resulted in a $1.00 increase in the state’s hourly minimum wage. Effective January 1, 2014, the minimum wage rate in New Jersey will increase from $7.25 to $8.25 per hour. What makes this wage increase different from others is that it ties future wage increases to cost of living increases as reflected by the consumer price index. On September 30 of every year, the state will review the minimum wage rate and make a cost of living adjustment as necessary.
If you have any questions please feel free to call any of the attorneys at Danziger Shapiro. We will be happy to discuss this and any other issue that may be affecting your business.
This entry is presented for informational purposes only and is not intended to constitute legal advice.