VIDEO of Assembly Speaker Sheila Y. Oliver (D-Essex), Assembly Deputy Speaker John S. Wisniewski (D-Middlesex), Assembly Majority Conference Leader Gordon M. Johnson (D-Bergen), Assembly Budget Committee Chair Vincent Prieto (D-Hudson) and Assemblywoman L. Grace Spencer (D-Essex) voicing their opinions Thursday in support of Democratically sponsored legislation to increase New Jersey’s minimum wage.
Speaker Oliver, during the Assembly reorganization ceremony in January, announced increasing the minimum wage – which is now $7.25 per hour – would be a Democratic priority this legislative session.
The bill specifically increases New Jersey’s hourly minimum wage rate to $8.50 on July 1, 2012 and then requires that, starting in calendar year 2013, the minimum wage be adjusted annually based on any increase in the Consumer Price Index, with the adjustment taking effect on July 1 of each year.
It was approved May 24 by the General Assembly by a vote of 46-33. TLS.
That’s over a thousand dollars less than the 2011 Census estimated poverty line for a family of 3.
It’s about time. It ‘s good to raise the minimum wage but it’s not enough! with cost of living the way it is , it should be a lot higher. Maybe 10.00 dollars a hour will stimulate the economy.Have you ever tried to live on 7 dollars an hour or 8.50?
it’ shameful to say the least.
here comes more job layoffs !
You may be certain that when the minimum wage rises then the pace of hiring will slow. People who rely on summer jobs will be in for a rude awakening.
the min wage should be the same for colored folk and white folk
If everyone pays higher wages, they won’t stop hiring, they will simply raise their prices.
Chaim b are you serious. Min wage isthe same for everyone no matter what color, gender, or religion
Let’s make believe there are two stores in town: Grocer and Hardware.
If Grocer pays higher wages and raises their prices, people will buy less from them. Grocer will earn less money, and will order less milk and bread from his suppliers.
If Hardware is paying higher wages, the same will happen to him, and he will order less screws and hammers from his supplier.
Furthermore, since Grocer is earning less, he will be buying even less from Hardware, not taking into account the higher prices at Hardware. And the same in reverse.
All the suppliers are now making less money, all the retailers are making less money, and the extra money that the minimum wagers are earning makes it an even bigger strain to pay them than before the increase.
So they will all lose their jobs. And many businesses will go bust as this thing plays itself out, because it doesn’t happen overnight.
??? but everybody is making more money ?????
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