The New Jersey Senate has approved a bill (S3) that would raise the state minimum wage from $7.25 to $8.50 per hour and base future increases on the consumer price index (CPI). The proposed measure now heads to the state Assembly. The Assembly approved an almost identical bill earlier this year. If S3 becomes law, the wage increase would take effect on March 1, 2013, and the CPI provision would go into effect on January 1, 2014.
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