NJ Assembly Backs Minimum Wage Hike Over Biz Opposition

Law360, New York (May 25, 2012, 6:22 PM EDT) -- The New Jersey Assembly on Thursday voted to raise the state's minimum wage to $8.50 per hour, the third highest in the nation, over protests that the increase would put local businesses at a competitive disadvantage and muddle economic recovery efforts.

Democratic lawmakers, progressive groups and other advocates of the bill — which also calls for annual adjustments based on the Consumer Price Index — counter that the wage hike would boost the state's economy by putting more money into the pockets of working families....
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.