Increase in Minimum wage

Increase in Minimum wage

Beginning New Year's day, minimum wage workers in New Jersey will witness an increase in pay. This is the latest step towards achieving Jersey's 2019 legislation goal of reaching $15 an hour for most employees by 2024. Starting Saturday, the minimum wage will be $13 an hour. 

Since 2018, the minimum wage has gone up by $8.60 an hour. Small businesses with less than six employees and seasonal businesses have until 2026 to reach $15 an hour. Currently, those workers will see a pay rise from $11.10 to $11.90 an hour. Workers who earn through tips such as restaurant employees and bartenders will receive a pay rise of $1 per hour bringing their current minimum wage to $5.13. According to recent developments, if the tips do not bring the wage to $13 an hour then the employers must make up the difference. Farmworkers will receive $11.05 instead of $10.44. Their minimum wage is estimated to reach $15 an hour by 2027. Direct care staff in long-term facilities will receive an increase of $1 bringing their total minimum wage to $16 per hour. 

Researchers believe that the wage raise will enable workers to afford basic needs such as food and heat. Families can cope with the increased financial pressure due to the pandemic. If workers are paid more the money is usually spent immediately, by gradually increasing the minimum wage its positive effects can be seen by businesses and the overall economy.

Source: N.J.com (True Jersey)

You might also like

For several reasons, the IT sector is appealing to job seekers. ...Read more

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Articles

Nearly 62% of employees in the managerial levels are satisfied with their jobs. Although they have ...Read more

This Thanksgiving is going to be different, no doubt! But it need not be different in a negative se ...Read more

One of the key responsibilities of HR teams is to ensure a diverse workplace and manage it effectiv ...Read more

A successful company not only has growing revenues, but it also boasts of a brilliant workforce. Ma ...Read more