the staff of the Ridgewood blog
Toms River NJ, News 12 New Jersey is reporting that the mayor of a Jersey Shore community says that paying seasonal workers $15 per hour as minimum wage will hurt the town and drive up prices.While New Jersey’s economically challenged Gov. Phil Murphy signed legislation earlier this year to increase the minimum wage to $15 per hour over the course of the next five years. The governor has said that a higher minimum wage will strengthen the middle class and give security to working families. The reality is middle class families try to send their kids to collage or trade school so they don’t have to work for minimum wage . The minimum wage is for starter jobs and part time jobs raising the bar eliminates those jobs , skills and work ethic that go along with them .
Continue reading Jersey Shore community says that paying seasonal workers $15 per hour as minimum wage will hurt the town and drive up prices
Ridgewood NJ, Ridgewood’s restaurants, the only draw left in the CBD with the digital-led demise of retail are about to be washed over by the same thing that is drowning NYC restaurants.
Now with the money losing garage ($1m/year) on the way bringing higher parking fees for diners and eaters alike, the village and the Dems they elected will not just kill the goose that laid the golden egg, there will be no one left to cook or serve it.
Continue reading Reader Warns of The Coming Ridgewood Restaurant Jobs Apocalypse
“December 2018 restaurant jobs were down by almost 3,000 (and by 1.64%) from the previous December,” wrote economist Mark Perry, “and the 2.5% annual decline in March 2018 was the worst annual decline since the sharp collapse in restaurant jobs following 9/11 in 2001.”
the staff of the Ridgewood blog
Trenton NJ, Senator Declan O’Scanlon (R-Monmouth) today condemned Governor Murphy’s signature of a bill which would rapidly raise the minimum wage to $15 and have widespread negative impacts for New Jersey.
“This law will have disastrous consequences for our business community and minimum wage workers. It simply goes too far too fast,” O’Scanlon stated. “I serve on the bipartisan manufacturing caucus and we heard from every single manufacturer that it was impossible for them to absorb this increase without losing jobs.”
“A hugely important component of this discussion is the effect on our budget. With the fiscal pronouncements that we have made, including the Senate President himself, how can we commit the State to a dramatic impact like the roughly half a billion dollar price tag of this increase? The is inconsistent with the Path to Progress suggestions for lower cost of government. We are digging ourselves deeper into a hole that we already don’t know how to get out of. How can we possibly look our taxpayers in the eye–already the most beleaguered in the nation–no matter how well-intentioned this might be?”
Continue reading Senator Declan O’Scanlon condemns Governor Murphy’s minimum wage bill sighting widespread negative impact on New Jersey
There’s a reason why the vast majority of lottery ticket purchasers are from the lower educated sector of society. They simply don’t understand the economics of the terrible odds. The exact same thing happens with minimum wage laws. They vote for it in the belief that it will somehow make them better off. It actually makes them worse off, just like that stupid lottery ticket.
the staff of the Ridewood blog
Ridgewood NJ, “The democrats (and RINO Republicans) in the New Jersey state legislature have done everything they could to hurt the economy and businesses of New Jersey.
With uncompetitive business taxes and regulations, they now are adding to the dilemma with a $15 minimum wage,” NJ C-GOP president Paul Danielczyk stated.“Businesses are fleeing New Jersey to business-friendly states, and this legislation will add to that exodus, especially hurting small mom and pop businesses who cannot absorb this increase,” Danielczyk said.
Continue reading $15 minimum wage = Layoffs, reduced hours, benefit cuts and automation
the staff of the Ridgewood blog
Trenton NJ, In an Op-Ed that appeared in ROI-NJ on Friday, NJBIA President and CEO Michele Siekerka called the agreement announced last week by Gov. Phil Murphy and legislative leadership to raise the minimum wage to $15 as “far from economically responsible.”
Siekerka first notes the cumulative expenses already absorbed by small businesses in New Jersey – including “costly mandates, expensive compliance regulations, more subsidies for energy delivery and increased taxes as a means to balance the state budget. For this, New Jersey ranks dead last for business friendliness before we even get to a $15 minimum wage.”
Continue reading New Jersey ranks dead last for business friendliness before we even get to a $15 minimum wage
By Tony Russo, CIANJ President
Ridgewood NJ, There has been a lot of discussion recently on raising the minimum wage to $15 an hour. Governor Murphy would like to see $15 an hour this year but the Legislature introduced a bill which would phase in the increase over several years. The reason given for increasing the minimum wage is the high cost of living in New Jersey.
What is missing from the current discussion are the reasons why New Jersey has such a high cost of living. The major reasons for such a high cost of living are the taxes and fees paid by New Jersey’s residents and businesses. Property taxes, sales taxes, fuel taxes, income taxes, the corporate business tax — New Jersey is a heavily taxed state. Also absent from the discussion is why $15 an hour would somehow make New Jersey affordable.
Government needs to appreciate that most private sector jobs in New Jersey are with small businesses. These business owners take on risks daily as competition is fierce. Most work hard to make ends meet but unfortunately some do not survive.
Employees are a business’ number one resource and keeping good talent is a top priority. An hourly wage is just one part of how a business compensates employees. Many offer fringe benefits including paid time off, healthcare insurance, 401(k) contributions, short- and long-term disability, bonuses and life insurance. When the Legislature focuses on only the hourly rate and not the total compensation paid, it is not reflective of the total amount spent by employers.
More importantly, Trenton lawmakers should not look toward the private sector to make New Jersey affordable but rather look inward to reduce the size of government and make New Jersey a business-friendly State. New investment will create new jobs, more competition and innovation which in turn will improve the quality of life of residents as well as increasing the coffers of the state government. This would reduce the current pressure on New Jersey’s existing businesses.
A government wage mandate on the private sector is the wrong approach and will only lead to higher prices and job losses, ultimately hurting the very people they are trying to help. Finally, New Jersey voters already weighed in on this matter in 2013 when they approved an amendment to the state constitution tying any increases to the minimum wage to the Consumer Price Index or CPI.By Tony Russo, CIANJ President
Senate Minority leader Chuck Schumer (D-NY), Sen. Cory Booker (D-NJ) and Sen. Chris Murphy (D-Conn.) all do not pay interns but support the minimum wage photo of Cory Booker by Boyd Loving
By Jonathon Trugman
August 12, 2017 | 10:53pm
One of the most valuable things a college student can do is complement his or her education with a summer internship.
Across America, kids from all schools and backgrounds compete for these experiences and résumé-building opportunities.
For many, it is their first real job and a chance make a little money. It could also be their first experience in a professional work environment.
You wouldn’t know it, but one of the least rewarding places to intern over the summer is on Capitol Hill.
photo Phil Murphy
By Alyana Alfaro • 05/23/17 5:44pm
John Wisniewski. Kevin B. Sanders for Observer
Democratic gubernatorial front-runner Phil Murphy wants to raise New Jersey’s minimum wage to $15 an hour, but his canvassers are working for $12.50, Assemblyman John Wisniewski said Tuesday, rolling out a new line of attack as the June 6 primary nears.
Wisniewski, a rival candidate for the Democratic nomination, caught the $2.50 discrepancy in Murphy’s campaign reports filed with the state Election Law Enforcement Commission and cut a new web ad accusing Murphy of hypocrisy. He called on Murphy to give his canvassers $45,000 in back pay and a salary hike.
Some businesses can’t handle the increased burdens.
Scott Shackford|Jan. 4, 2017 11:30 am
David Joles/TNS/Newscom2017 ushered in minimum wage increases in 19 states, some more reasonable than others, and some of which are just the start of a series of massive jumps.
There will undoubtedly be “winners” and “losers” in these government-ordered increases, those who see actual raises vs. those who find jobs harder and harder to come by. And it’s going to be a challenge to evaluate what truly happened. We are seeing increased automation of low-level low-skilled service jobs. Jacking up the minimum wage is going to increase the speed by which it happens, but it would be foolish to think it wouldn’t eventually come regardless.
Houman Salem, who owns a small fashion house in the San Fernando Valley out in Los Angeles, took to the op-ed pages of the Los Angeles Times to explain why he’s packing up and moving out of California. Los Angeles famously decided to eventually jack up its minimum wages to $15 per hour and the entire state followed suit.
Salem’s commentary is particularly interesting because he writes about wages as a piece of a larger regulatory burden that affects his ability to do business. He explains that the minimum wage increase is the straw that broke the camel’s back because of how difficult California makes it to operate a business: