NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
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 […]
The New Jersey Business & Industry Association submitted oral and written testimony opposing the $15 minimum wage bill today to two legislative committees. The testimony included letters from member businesses who spoke of dire consequences for their operations should the bill in its current form become law. In the past week, NJBIA has solicited 3,000 […]
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New Jersey Business & Industry Association
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