By now, you’ve adjusted your labor budget to accommodate New Jersey’s new minimum wage of $7.15 per hour, which took effect Oct. 1. Rest assured, you’re not alone.
A sweeping trend of minimum-wage hikes enacted in state legislatures or approved by voters means that a majority of states now set their minimum wage above the $5.15 per hour federal minimum.
This year, 10 state legislatures and voters in five states approved increases in their minimum wage that takes effect on Jan. 1, 2007. In another five states, legislators voted to begin the increases on a different date. Voters in Nevada chose to increase the minimum wage just after Thanksgiving.
New Jersey’s minimum-wage hike puts the state among the highest-paying states in the nation. Neighboring Pennsylvania, New York and Delaware also will increase their rates effective Jan. 1, 2007.