New Jersey’s State wide minimum wage will increase starting this month. The minimum wage will rise 16 cents from what it formerly was, taking the minimum wage from $8.44 to $8.60/hr. Not much, but it’s a start heading in the right direction…….I guess.
NJ.com (@NJdotcom) reports, the minor increase in the state’s minimum wage is driven by a bump in the consumer price index, which by constitutional amendment is used to establish the minimum wage each year.
Wages in NJ rose from $8.38 in 2016 to $8.44 in 2017. It was unchanged in 2016 because there was no rise in the state’s cost of living. Last year Democrats who control the Legislature pushed through a $15/hr. bill that was vetoed by then Governor Chris Christie. The proposal would have increased the minimum wage over several years, and additional increases would have been based on increase in the consumer price index.