The Senate Labor Committee held a hearing today on legislation to raise the minimum wage from $7.25 an hour to $8.50. The minimum wage has not been increased in three years, and full time workers being paid at that rate earns only about $15,000 a year in one of the highest cost-of-living states in the nation. The bill being considered addresses this issue by tying the minimum wage to the consumer price index so that the impact of cost-of-living increases is reduced.
I spoke with Deborah Howlett, President of New Jersey Policy Perspective, after she testified before the committee. In this video, Howlett talks about why we need this increase and how it will benefit the entire state, not just those covered by the proposed law.