MINIMUM WAGE HIKE WOULD DECIMATE SMALL BUSINESS SECTOR IN NEW JERSEY

Date: November 20, 2017

Related Content: News Labor Minimum Wage New Jersey

TRENTON (November 20, 2017): In response to today’s press conference promoting an increase of New Jersey’s minimum wage rate to $15 an hour, the following statement may be attributed to Laurie Ehlbeck, New Jersey State Director of the National Federation of Independent Business (NFIB):

Increasing the minimum wage rate to $15 an hour under the misguided principle of reducing poverty rates and bolstering the economy is deceitful. The minimum wage was never intended to feed entire families or act as an engine to drive the economy. It was designed as a training wage for lower skilled, less experienced workers. Increasing the minimum wage will maximize the damage done to the very people proponents of this measure claim to desire to help.

Unfortunately, the new administration has not sought the council of the small business community when determining policy. If they had, they would know that increasing the minimum wage rate this drastically will decimate small employers by forcing them to compensate for the increase in labor costs. The reality is that by demanding that they pay their entry-level employees at such a high rate, small business owners will be forced to cut minimum wage jobs and raise prices on their goods.

Related Content: News | Labor | Minimum Wage | New Jersey

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