New Jersey will raise its minimum wage in January by more than $1 per hour based on unusually high inflation, the state’s labor department said.
The statewide minimum wage will rise to $14.13 per hour, up from $13 now—an increase of 8.7%. State law calls for annual increases of at least $1 per hour until the rate reaches $15, unless growth in the Consumer Price Index demands a larger increase.
New Jersey is one of about a dozen US states, plus even more cities and counties, with minimum wage increases scheduled for 2023 that are tied to inflation. In years ...
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