New Jersey to Increase Minimum Wage

The minimum wage is set to increase in the state of New Jersey at the start of 2015.
On Thursday, January 1st the increase will see minimum wage workers bringing home $8.38 cents per hour, an increase of .13 cents from $8.25. The increase was approved by the New Jersey Minimum Wage Advisory Commission, who reviews the rate annually to determine if there needs to be an increase to reflect the change in the cost of living.
This is the second consecutive year that New Jersey's minimum wage has increased. Last year the hourly rate moved up from $7.25 to $8.25, after voters approved to amend the state constitution.