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Minimum wage increase in NJ Starting on Jan. 1, 2024, minimum wage will increase by $1 bringing it up to $15.13 per hour for most employees. Additionally, wages will increase for:
Grocery chain Aldi is hiring 13,000 and Burlington Stores is hiring 24,000 for the holiday season. Verizon is hiring 1,000.
In 1891, Kansas was the first state to pass a "prevailing wage" for its own public works projects, and over the next thirty years was followed by seven other states (New York 1894, Oklahoma 1909, Idaho 1911, Arizona 1912, New Jersey 1913, Massachusetts 1914, and Nebraska 1923) in establishing minimum labor standards for public works construction.
New Jersey’s minimum wage is $15.13 an hour — the highest it’s ever been. ... New Jersey’s average income was $76,128 in 2023, ... The best laundry detergent sheets of 2025. AOL.
Sen. James J. Davis (R-PA) and Rep. Robert L. Bacon (R–NY-1), the co-sponsors of the Davis–Bacon Act. The Davis–Bacon Act of 1931 is a United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics.
The Walsh-Healey Act that applies to U.S. government contracts exceeding $15,000 for the manufacturing or furnishing of goods. Walsh-Healey establishes overtime pay for hours worked by contractor employees in excess of 40 hours per week, and sets the minimum wage equal to the prevailing wage as determined by the Secretary of Labor.
Wage compression (also known as salary compression and pay compression) [1] refers to the empirical regularity that wages for low-skilled workers and wages for high-skilled workers tend toward one another. As a result, the prevailing wage for a low-skilled worker exceeds the market-clearing wage, resulting in unemployment for low-skilled ...
A federal judge on Monday temporarily blocked a Biden administration rule expanding the cases in which construction contractors are required to pay workers prevailing wages that apply to $200 ...