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The NFIB Research Foundation analyzed the potential economic impact of implementing the changes to New Jersey minimum wage laws* that would amend Article 1 of the New Jersey Constitution to include language stipulating an increase of the minimum wage in New Jersey to $8.25 per hour beginning the January 1 following the date of the amendment’s passage (assumed to be January 1, 2014, for purposes of this analysis). The amendment would also provide for future increases in the New Jersey minimum wage by tying it to the consumer price index for all urban wage earners and clerical workers as calculated by the federal government.
The research shows that:
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*Contained in Senate Concurrent Resolution (SCR) No. 1 on private sector employment and production. SCR No. 1, sponsored by Senators Stephen M. Sweeney and Shirley K. Turner along with Assembly Members Sheila Y. Oliver, Timothy J. Eustace, and L. Grace Spencer.
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