Minimum wage is on the rise in New Jersey. The Garden State enacted the increase — from $8.85 to $10 — on Monday, the first in a series of pay hikes meant to bring the state to a $15 minimum wage by 2024.
Governor Phil Murphy signed the increase into law in February, and it's expected to impact more than one million New Jersey residents.
Both of the state's senators, Bob Menedez and Cory Booker, supported the legislation.
Seven states have passed similar “Fight for 15” laws, and this year, 18 states have raised their minimum wage ー though not necessarily to $15-an-hour -- according to the National Conference of State Legislators.
Still, on the federal level, the campaign for a $15 minimum wage has not seen success.
The Raise the Wage Act, which would increase that benchmark by 2024, is stalled in the legislature without Republican support.
Today, more than 80 million Americans are paid by the hour, according to the Bureau of Labor Statistics.
Meanwhile, more than half a million Americans make the current federal minimum wage, which has hovered at just above $7 an hour since 2009.
Missed out on the Nvidia wave? Oh course you did — you’re reading this article aren’t you, instead of luxuriating on a white-sand beaches of Bali. But here are at least four other promising semiconductor stocks to add to your portfolio.
Fresh off a successful funding round, co-founder of Lapse Dan Silvertown shares thoughts on regulation, privacy, and why the money for great startups is still out there.
Wendy's announced they are testing out fluctuating prices throughout the day for certain products based on demand. Who will groan the most: lunch-breakers, dinner drivers or late-night goblins?
Shubha Dasgupta, CEO of Pineapple Financial, discusses incorporating artificial intelligence with its newly announced ‘Maui’ tool, plus plans for expansion.
Chair of Penn Engineering’s Department of Computer and Information Science Zachary Ives shares how the department is building its artificial intelligence degree program.
Frances Stacy, Optimal Capital Director of Strategy, breaks down why the latest data indicates the economy may be struggling more than expected, plus some sectors she’s watching.
