Job Loss A Major Concern As NJ Raises Minimum Wage

Law360, New York (November 18, 2013, 6:37 PM EST) -- Along with Gov. Chris Christie’s reelection on Nov. 5, 2013, New Jersey residents voted to increase the state’s minimum wage from $7.25 to $8.25, effective Jan. 1, 2014, as well as an amendment to the New Jersey Constitution that will tie future minimum wage increases to cost-of-living increases. The amendment also provides that if the federal minimum wage rate is raised above the state rate, the state rate would adjust to match the federal rate, with future cost-of-living increases based on the new rate.

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