NJ Assembly Panel OKs Putting Minimum Wage Raise To Vote

Law360, New York (December 11, 2012, 12:33 PM EST) -- The New Jersey Assembly Labor Committee on Monday approved a resolution that will ask voters to authorize a proposed minimum wage increase from $7.25 to $8.25 that will give the state one of the country's highest minimum wages.

The resolution will propose a constitutional amendment that will provide annual cost-of-living increases based on rises in the consumer price index, in addition to hiking the minimum wage, Assembly Democrats said in a statement. If the federal minimum wage is raised above New Jersey's, the state rate will...
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.