NJ Senate Passes CPI-Tied Minimum Wage Increase

Law360, New York (November 29, 2012, 9:39 PM EST) -- The New Jersey Senate on Thursday voted along party lines to increase the state's minimum wage to $8.50 and hitch future increases to the Consumer Price Index, overcoming Republican arguments that it would hurt businesses working to recover from Superstorm Sandy.

Democrats countered that New Jersey's current minimum wage of $7.25 per hour is woefully inadequate in a state with such a high cost of living. Bumping up that rate would help struggling residents work their way out of poverty and put more money in the...
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