In this video press release, members of Assembly Democratic leadership - Speaker Sheila Y. Oliver (D-Essex), Deputy Speaker John S. Wisniewski (D-Middlesex), Majority Conference Leader Gordon M. Johnson (D-Bergen) and Assembly Budget Committee Chair Vincent Prieto (D-Hudson) - discuss the need to increase New Jersey's hourly minimum wage, following final legislative approval of the measure.
The legislation (A-2162) would increase the state's hourly minimum wage from $7.25 to $8.50 and would then require it be adjusted annually based on any increase in the Consumer Price Index, with the adjustment taking effect on July 1 of each year. Based on projected trends in the CPI by nonpartisan legislative staff, the minimum wage would rise to $9.49/hr in 2017.
The Assembly initially voted to approve the bill in May. The Senate approved the measure on Thursday; the Assembly had to reconsider it because of amendments that moved the effective date to March 1, 2013 and the start of CPI indexing to January 1, 2014.
The Assembly gave the measure final legislative approval Monday by a vote of 44-31-1.