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The proposed Senate Bill 2310 requires New Jersey businesses with 10 or more employees to include wage or salary information, or a compensation range, in a job posting, as well as a description of ...
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:
The bill requires New Jersey companies with 10 or more employees to include salary info or a salary range, starting in June 2025.
In this theory, it is not only inflationary expectations that can cause stagflation. For example, the steep climb of oil prices during the 1970s could have this result. Changes in built-in inflation follow the partial-adjustment logic behind most theories of the NAIRU: Low unemployment encourages high inflation, as with the simple Phillips curve.
Robert Asaro-Angelo labor leader and commissioner of the New Jersey Department of Labor and Workforce Development at the daily briefing in Trenton NJ on 5/7/2020
Natural rate of unemployment (also known as full employment) – This is the summation of frictional and structural unemployment, that excludes cyclical contributions of unemployment (e.g. recessions) and seasonal unemployment. It is the lowest rate of unemployment that a stable economy can expect to achieve, given that some frictional and ...
In the interest of equal pay, some states have laws that ban employers from asking job applicants for prior salary information entirely. For example, Governor Jerry Brown of California passed AB 168, which forbids all California employers, including state and local government employers, from asking for applicants' prior salary information. [14]
In late 2021, New Jersey was tapped as one of two states participating in a federal pilot program to modernize and improve the federal unemployment system starting early in 2022.