• LinkedIn
  • YouTube
  • Twitter
  • Facebook
  • Google+

New Jersey may boost minimum wage to $8.50

by on
in Compensation and Benefits,Human Resources

Back in 2005, the New Jersey Legislature enacted legislation raising the state’s minimum wage to a rate higher than the federal minimum wage. Now, with the federal minimum set to go up later this year, a state commission is advocating another boost in the state minimum wage.

The current New Jersey minimum wage is $7.15 per hour. The current federal minimum is $6.65 per hour, but it will increase to $7.25 on July 24.

Late last year, the New Jersey Minimum Wage Advisory Commission issued a report recommending that New Jersey increase the state minimum wage to $8.50 per hour in 2009. It also advocated establishing an automatic annual increase in the minimum wage rate for each subsequent year, based on the increase in the Consumer Price Index.

The recommendation was based in part on the fact that New Jersey has one of the highest costs of living in the nation.

Like what you've read? ...Republish it and share great business tips!

Attention: Readers, Publishers, Editors, Bloggers, Media, Webmasters and more...

We believe great content should be read and passed around. After all, knowledge IS power. And good business can become great with the right information at their fingertips. If you'd like to share any of the insightful articles on BusinessManagementDaily.com, you may republish or syndicate it without charge.

The only thing we ask is that you keep the article exactly as it was written and formatted. You also need to include an attribution statement and link to the article.

" This information is proudly provided by Business Management Daily.com: http://www.businessmanagementdaily.com/8733/new-jersey-may-boost-minimum-wage-to-850 "

Leave a Comment