New Jersey Gov. Chris Christie yesterday vetoed a bill to raise the state's minimum wage.
The legislation would have made the state the third to adopt a $15 per hour minimum wage.
In 2013, voters approved a wage hike to $8.25 from $7.25. It's now $8.38, in line with increases to the consumer price index.
"Despite having a constitutional mandate in place, the legislature now wants to increase the minimum wage by almost 80 percent just three years later," Christie said in a statement about his veto.
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