The bill will lower the state mandated minimum wage.
An ACT related to decreasing the standard minimum wage in NJ
Be it enacted by the Youth Model Legislation of New Jersey that the statewide minimum wage be lowered to $7.25 an hour.
I. Minimum wage: the lowest wage permitted by law or by a special agreement II. The bill being proposed will lower the statewide minimum wage from the current $8.85 an hour to $7.25 an hour III. Employers will not be allowed to pay employees less than $7.25 an hour. If employers break this law they will be fined $1000.
Effective Date- This bill shall take effect January 1st 2020
Statement of Intent:
Statement of Intent- The purpose of this bill is to lower the statewide minimum wage to $7.25 an hour. This will help stimulate business in New Jersey and help businesses keep their doors open. When the minimum wage is too high it not only hurts business but it also hurts employees because if businesses cannot afford to pay their employees and stay open the employees will lose their job and get paid nothing at all. When the minimum wage is too high it discriminates against entry level and lower skilled workers because it keeps them out of the workforce where they can earn valuable skills. Hopefully by implementing this bill it will not only help businesses and workers in New Jersey but it will bring more business to New Jersey.
This bill will cost nothing except for changing the law books
Financial Statement- This bill will cost nothing except for changing the law books