As we previously wrote about here
, the New Jersey minimum wage increased to $8.25 per hour on January 1, 2014 pursuant to an amendment to the State Constitution that voters approved in November 2013. The constitutional amendment provided that, each year on September 30,
the minimum wage shall be increased, effective January 1st
of the following year, by the annual increase in the Consumer Price Index (CPI) calculated by the U.S. Bureau of Labor Statistics. The CPI is the nation’s leading measure of inflation. From August 2013 through August 2014, the CPI increased by 1.59 percent, which requires a corresponding 1.59 percent increase in the minimum wage rate from $8.25 to $8.38 per hour. Therefore, starting January 1, 2015, the New Jersey minimum wage will increase from $8.25 per hour to $8.38 per hour.