NJBIA is advocating for several bills to mitigate the effects of the new $15 an hour minimum wage law, and one of them, tax credits for employers who hire teens, is getting some public debate. The bill, S-3483 (Addiego, Singleton), would provide an employer with a refundable tax credit against the corporation business tax or […]
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 […]
NJBIA President & CEO Michele Siekerka, Esq., issued the following statement on Monday as the minimum wage increased to $10 per hour, the first step toward the phase-in of a $15 minimum wage by Jan. 1, 2024. See NJBIA’s Fast Facts on the Minimum Wage law here for more information about the law’s provisions. “Since […]
With the exception of those at certain seasonal and very small businesses, the minimum wage on Monday will be $10 an hour for New Jersey workers as the first phase of New Jersey’s $15-an-hour minimum wage kicks in. The current minimum wage is $8.85 an hour. “Since the minimum wage increase became law, we have […]
NJBIA’s Frank Robinson interviews Senate Republican Leader Tom Kean, Jr. on the latest episode of Take on Trenton about the state budget, the legalization of marijuana, and the increasing minimum wage.