The Impact of Raising the Minimum Wage

GBFan

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Did New Jersey’s minimum wage increase help or hurt the poor?

The free-market group Americans for Prosperity held a rally outside of AFL-CIO’s Trenton, New Jersey offices Friday, asking the union’s president Charles Wowkanech to debate the minimum wage.

“Charles Wowkanech was one of the biggest champions of New Jersey’s minimum wage law,” Daryn Iwicki, AFP’s state director said in a statement. “Now that it’s becoming clear how New Jersey’s minimum wage hike is going to hurt New Jerseyans and hurt job creators, Wowkanech is hiding under his desk.”

In November of 2013, New Jersey amended the state constitution to allow legislation raising the minimum hourly pay from $7.25 to $8.25. The bill adjusts the mandated wage according to the state’s cost of living, so it is likely to rise yearly.

Proponents of the bill argued that the mandated wage increase would not shrink the labor force or negatively impact the business community. However, the Employment Policies Institute reached conflicting conclusions after they questioned 250 New Jersey businesses about the impact the new wage law would have on employment and their bottom line.

According to the EPI survey, 61 percent of business owners said they would be forced to raise prices on their goods or services, 48 percent said they were very or somewhat likely to reduce employee hours and 49 percent said they would have to cut staff from their payroll.

In total, 78 percent of respondents said the legislation would have either a big or small impact on their labor costs.

The results of the survey are what compelled EPI to send Wowkanech a request to discuss the policy. But over fifteen days after they sent the letter, EPI has not heard a response.
 
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While union coward has no min wage people under jis thumb his scale is indexed to min so any increase is a raise which mmeans increased.union dues to soend on political campaigns (as opposed to pention strike funds or any other stuff union cerfs think they will get.
 
Very few people who make minimum wage have been on the job more than a year.

Government gets the serfs all riled up over minimum wage amounts, only to line their own pockets.

Never ever take anything on face value. Always, always get to the real reasons behind the stated goals.
 
Just saw the statistics ... less than 2% of the national workforce is paid the minimum wage ... and, of that 2%, a full 78% are teenagers in part-time jobs (clearly, not a group that is concerned about the cost of gallon of milk).

Much ado about nothing ...
 
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Just saw the statistics ... less than 2% of the national workforce is paid the minimum wage ... and, of that 2%, a full 78% are teenagers in part-time jobs (clearly, not a group that is concerned about the cost of gallon of milk).

Much ado about nothing ...
And even then the average minwage worker is only there for 2 months.
 
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