Conservative Group Launches Campaign Against Minimum Wage Hike Proposal

NJTODAY.NET's online business directory

STATE – A conservative non-profit group launched a commercial campaign this week against a proposed amendment to the New Jersey Constitution that would raise the minimum wage to $8.25 per hour, claiming that it would lead to fewer jobs.

“Altering the New Jersey Constitution to include a minimum wage hike is a dangerous idea for the Garden State,” said Michael Saltsman, research director at Employment Policies Institute. “The economic consensus is clear: Minimum wage hikes mostly harm the people they’re intended to help, and New Jersey is no exception to the rule.”

The EPI released a report this week estimating that between 1,600 and 4,700 jobs would be lost as a result of the minimum wage increase.

However, a report released in May by New Jersey Policy Perspective estimated that 400,000 low-paid workers would benefit from the plan to increase the minimum wage, spurring more than $174 million in economic growth and creating 1,500 full-time jobs.

“Low-wage jobs are stunting New Jersey’s economic recovery at a time when the state needs more consumer spending and growth,” said Gordon MacInnes, president of New Jersey Policy Perspective. “Raising the minimum wage is a smart way to boost consumer spending while delivering much-needed assistance to working families in New Jersey.”

A study by Legal Services of New Jersey found that a family with two kids needs anywhere between $64,000 to $73,371 to get by in the Garden State, which ranks among the highest cost of living states in America. A couple working full-time at the proposed $8.25 per hour minimum wage would earn just $34,320 per year.

The proposed amendment had the support of an overwhelming majority of voters, including a majority of Republicans, in a Rutgers-Eagleton poll released last month. Just 18 percent said they would vote against it.


Connect with NJTODAY.NET


Join NJTODAY.NET's free Email List to receive occasional updates delivered right to your email address!
Email ads@njtoday.net for advertising information Send stuff to NJTODAY.NET Like Us On Facebook Follow Us On Twitter Download this week's issue of NJTODAY.NET