Search results
Results from the WOW.Com Content Network
This divergence of thought began with empirical work on fast food workers in the 1990s which challenged the neoclassical model. In 1994, economists David Card and Alan Krueger studied employment trends among 410 restaurants in New Jersey and eastern Pennsylvania following New Jersey's minimum wage hike (from $4.25 to $5.05) in April 1992. They ...
For example, they look at the 1992 increase in New Jersey's minimum wage, the 1988 rise in California's minimum wage, and the 1990–91 increases in the federal minimum wage. In addition to their own findings, they reanalyzed earlier studies with updated data, generally finding that the older results of a negative employment effect did not hold ...
It weighed in when David Card and Alan Krueger concluded that a 1992 minimum wage hike in New Jersey did not decrease employment in the state. Card and Krueger surveyed fast food employers in New Jersey before and after an April 1992 increase in the state minimum wage (from $4.25 to $5.05 per hour) and found a slight increase in employment. [15]
The minimum wage in New Jersey is $15.13 per hour for most workers, effective January 1, 2024. New Jersey has a history of gradually increasing its minimum wage to ensure fair compensation for ...
The federal minimum wage has been stuck at $7.25 since 2009, not even close to the buying power it once brought workers — which peaked all the way back in the 1960s.
New Jersey’s minimum wage raises $1, to $14 from $13, at the beginning of 2023, while the tipped wage is $5.13. Looking ahead: The minimum wage is set to rise another dollar at the beginning of ...
Florio later recalled Foy's contributions in getting the minimum wage increased in the state, saying that "New Jersey was ahead of the nation in getting a minimum wage of $5.15 an hour, and Tom was vital in its effort". Foy was deputy political director for Florio's successful 1989 run for governor. [1]
New Jersey: $10.00 $11.00 $12.00 ... The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column ...