Wednesday, February 22, 2012
Assembly Panel to Consider Minimum Wage Increase
) – Legislation to increase TRENTON 's hourly minimum wage to $8.50 and then adjust it annually based on the Consumer Price Index will be heard Thursday by the Assembly Labor Committee. New Jersey
The bill, which would boost the minimum wage as of July 1, is sponsored by Speaker Sheila Y. Oliver (D-Essex/Passaic), Majority Leader Lou Greenwald (D-Camden), Speaker Pro Tem Jerry Green (D-Union/Middlesex/Somerset), Majority Conference Leader Gordon Johnson (D-Bergen), Budget Chairman Vincent Prieto (D-Hudson/Bergen) and Deputy Speaker John Wisniewski (D-Middlesex).
The hearing will be held at 10 a.m. in Committee Room 11 on the 4th Floor of the State House Annex on
West State Street in . Trenton
Audio of the hearing will be streamed live at:
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.
“This is economic stimulus and a recognition that thousands of households in
are struggling to subsist on minimum wage jobs that do not allow them to support their families,” Oliver said. “This is also about livable wages. Quite simply, we should all support economic stimulus, increased consumer spending and livable wages.” New Jersey
“Having a minimum wage that accurately reflects the state’s economic reality is common sense, but also an essential tool that will have an immediate positive effect on our economy,” Greenwald said. “Traditionally,
has been a leader in providing economic security for its working families by ensuring a fair minimum wage. This is the time to do the right thing by increasing the minimum wage.” New Jersey
The bill (A-2162) specifically increases
's hourly minimum wage rate to $8.50 on July 1, 2012 and then requires that, starting in calendar year 2013, the minimum wage rate be adjusted annually based on any increase in the Consumer Price Index with the adjustment taking effect on July 1 of each year. New Jersey