Friday, January 18, 2019


 

Details on $15 Minimum Wage Agreement Released

 
On Thursday, January 24 the Assembly Labor Committee will consider A-15 (Coughlin), which would raise the minimum wage to $15 an hour over a five-year period for most businesses reaching $15 per hour in 2024. The $15 per hour rate represents a nearly 60 percent increase over the current minimum wage rate of $8.85.
The phase-in would be over a seven-year period for small businesses (defined as businesses with less than six employees) and businesses with seasonal employees reaching $15 per hour in 2026.

Agricultural workers minimum wage rate will rise to $12.50 per hour by 2024. Although spared the $15 per hour rate, this is the highest wage for farm workers in the Northeast.

As outlined in A-15 (Coughlin), for most businesses the minimum wage would raise to $10 per hour on July 1, 2019, $11 per hour on January 1, 2020, and then increase by $1 per hour on January 1 of each year until reaching $15 per hour in 2024.
A-15 (Coughlin) is not a Constitutional Amendment. This measure will have to pass both Houses of the Legislature and then move to Governor Phil Murphy’s desk, who has been a vocal supporter of a $15 minimum wage, to be signed into law.
The CCSNJ will testify at Thursday’s Committee hearing. Provide your thoughts, feedback and comments to Christina M. Renna, Senior Vice President, at crenna@chambersnj.com

MAKE YOUR VOICE HEARD
Click the links below to email the members of the Assembly Labor Committee.
Tell them how a $15 minimum wage will impact your business. 
Assemblyman Anthony Verrelli