NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
NJBIA President and CEO Michele Siekerka talked live on Yahoo Finance this afternoon to discuss the impacts of New Jersey’s minimum wage being lifted to $12 an hour on Jan. 1, the latest milestone on the state’s road to a $15 minimum wage. “Those who are going to be paying the additional dollar right now are those […]
On January 1, 2020 the minimum wage increased to $11 and will increase $1 every year until reaching $15 per hour in 2024. The minimum wage for small businesses with less than six employees, seasonal businesses, and farm labor is now set at $10.30 and will increase to $15 at a slower rate. The minimum […]
Winners and losers would be about equal if the federal government were to raise the minimum wage from $7.25 to $15 an hour by 2025. According to the Congressional Budget Office (CBO), 1.3 million workers would be lifted out of poverty, while another 1.3 million workers would lose their jobs. “For most low-wage workers, earnings […]
On February 4, 2019, Governor Phil Murphy signed A-15, which sets New Jersey on a path to increase the minimum wage to $15 by 2024. The new law takes effect on July 1, 2019, but it’s not as straightforward as you may think. How much the minimum wage will rise and when depends, in part, […]
NJBIA President and CEO Michele N. Siekerka issued the following statement regarding the Senate and Assembly’s passage of the $15 minimum wage bill (A-15/S-15) today. “New Jersey’s small business community wrote thousands of letters to our lawmakers and testified how they will struggle, stagnate or fail when this legislation is signed by the governor. With […]
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New Jersey Business & Industry Association
10 West Lafayette Street Trenton, NJ 08608-2002
Tel: 609-393-7707
