New Jersey’s minimum wage went to $11 per hour on Jan. 1 as part of the law that was enacted last summer, but NJBIA is still advocating for changes.
NJBIA’s Michele Siekerka took to the editorial pages of the Asbury Park Press to make the case for key provisions that should have been incorporated into the original $15 minimum wage law. She urged lawmakers to protect employers from mandated, automatic wage increases during recessions and natural disasters that could otherwise put them out of busines
- An economic off ramp to suspend automatic wage increases during recessions and natural disasters that could otherwise put companies out of business.
- Tax credits for employers who hire workers under age 18 in order to make it financially possible for small businesses to continue to hire teenagers.
- Tax credits for costs associated with the minimum wage increase for newly launched businesses with 10 or fewer workers; an existing business with 10 or fewer workers who are offered employer-provided health insurance; or any qualified business with three or fewer workers.
- Legislation to establish a task force to study the impact of the phased-in $15 minimum wage on New Jersey businesses.