VT and NJ to raise minimum wage in 2014
New Jersey and Vermont will be both be raising state minimum wage requirements, effective Jan. 1, 2014.
Early in November, voters approved an amendment to raise minimum wage to $8.25 an hour, one dollar higher than the current pay rate. The amendment will add automatic cost-of-living increases, which will be calculated in September of each year. According to USA Today, this will affect roughly 49,000 hourly workers in the state who are paid minimum wage. Supporters of the bill were happy about the change.
"You can't survive in New Jersey on $17,000 a year," Gordon MacInnes, president of new Jersey Police Perspective, said in an interview with the newspaper.
Vermont will also be increasing its minimum wage, the state's Department of Labor announced in October. Under Vermont statute, the minimum wage increases by 5 percent each year, or by the same rate as the Consumer Price Index.
The minimum hourly rate will increase from $8.60 to $8.73 per hour, and the rate of tipped service workers will increase from $4.17 to $4.23 per hour, according to Vermont Business Magazine.
Workplaces should note the changes and compensate employee time accordingly using time and attendance software.
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