New Jersey has put into effect two laws that could impact your employment in a big way. The Governor and legislative leaders announced that they would be increasing New Jersey’s minimum wage to $15 per hour by 2024 for many employees. The law increasing New Jersey employees’ minimum wage from $8.85 per hour to $10 per hour started on July 1. This law affects more than 200,000 New Jersey employees. New Jersey is the fifth state to enact the $15 minimum.
Seasonal workers, companies with less than five workers, and farm workers are not eligible for the July minimum wage increase. Instead, they will need to wait six months until they begin seeing an increase in their wages and will reach $15 per hour by 2026. For agricultural workers, they can expect a minimum wage increase to $12.50 an hour by 2024.
Provisions to the Family Leave Act will also take effect this month. These include:
Major concerns come from small business owners who state that they will struggle to pay for the increase. Some business owners state that they will need to increase the prices on their consumer products to maintain their profit margins. Small business owners face going out of business because of the increase in minimum wage. Others say that the law benefits those who are just getting by while boosting the economy because people have more money to spend. Employees who benefit from the minimum wage increase will potentially lose benefits that come with making minimum wage, including SNAP, FamilyCare, and CHIP.
Businesses that do not abide by the new law may face heavy fines, administrative penalties, and even imprisonment, according to a warning letter sent out by the state’s labor commissioner and attorney general.
The Senate Labor Committee will provide up to $10 million in state tax credits to companies that employ teenagers to aid them in paying the cost of the increased wage. Legislatures also added an additional $65 million to cover the cost of the increase in specific areas.
If you are dealing with an employment issue, contact a Long Branch employment lawyer at Fox & Melofchik, L.L.C. Our experienced lawyers will fight for your rights and obtain the compensation you deserve for your injuries. For a free consultation, contact us online or call us at 732-493-9400.
Located in Eatontown, New Jersey, we serve clients throughout Monmouth County, Ocean County, Middlesex County, Mercer County, Asbury Park, Neptune, Long Branch, Keansburg, Ocean Township, Eatontown, Red Bank, Middletown, Colts Neck, Deal, Freehold, Holmdel, Jackson, Little Silver, Marlboro, and Rumson.