press release May 16
Over 400,000 low-paid workers would benefit from a ballot measure that would raise New Jersey’s minimum wage by one dollar to $8.25 per hour and index the minimum wage to rise automatically with the cost of living, according to a new report released today by New Jersey Policy Perspective. The report finds that this wage increase would generate more than $174 million in new economic growth and support the creation of the equivalent of over 1,500 new full-time jobs as businesses expand to meet increased consumer demand.
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