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New Jersey may boost minimum wage to $8.50

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in Compensation and Benefits,Human Resources

Back in 2005, the New Jersey Legislature enacted legislation raising the state’s minimum wage to a rate higher than the federal minimum wage. Now, with the federal minimum set to go up later this year, a state commission is advocating another boost in the state minimum wage.

The current New Jersey minimum wage is $7.15 per hour. The current federal minimum is $6.65 per hour, but it will increase to $7.25 on July 24.

Late last year, the New Jersey Minimum Wage Advisory Commission issued a report recommending that New Jersey increase the state minimum wage to $8.50 per hour in 2009. It also advocated establishing an automatic annual increase in the minimum wage rate for each subsequent year, based on the increase in the Consumer Price Index.

The recommendation was based in part on the fact that New Jersey has one of the highest costs of living in the nation.

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