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Governor Christie Takes Steps to Safeguard New Jersey’s Economic Future

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Vetoes Legislation That Would Impede Economic Gains and Hinder Garden State Businesses

August 30, 2016
the Staff of the Ridgewood blog

Trenton, NJ , Taking action to protect New Jersey’s economic future, Governor Chris Christie today vetoed Assembly Bill No. 15, which would have raised the minimum wage to $15 per hour by the year 2021. Three years ago, New Jersey residents voted to raise the minimum wage to $8.25, along with annual adjustments based on the Consumer Price Index (CPI). This bill would have made New Jersey only the third state to adopt a $15 minimum wage.

“Despite having a constitutional mandate in place, the legislature now wants to increase the minimum wage by almost 80 percent just three years later,” said Governor Christie.  “While this bill’s proposed increase surely is responsive to demands from Democrat legislators’ political patrons, it fails to consider the capacity of businesses, especially small businesses, to absorb the substantially increased labor costs it will impose, killing jobs and erasing gains of more than 275,000 private sector jobs since 2010. I cannot support a bill that undermines the positive results we have achieved in New Jersey and I am returning A-15 to the legislature with an Absolute Veto.”

Business owners would face added expenses from this substantial wage hike through increased payrolls, taxes and supply costs, leaving them with these undesirable options: laying off workers; reducing employee hours; raising prices; leaving New Jersey; or closing altogether.  Other states and cities ramping up to a $15 minimum wage – California, Seattle and Washington, D.C., for example – are already seeing those negative economic impacts, from fewer jobs to increased costs for goods and services on college campuses, in restaurants and in the manufacturing sector.

Similar outcomes in New Jersey would be a significant step backward on the road to economic recovery and an affront to all of the accomplishments of our private-sector businesses over the past six-and-a-half years.

From offering $380 million in unemployment insurance tax relief to merging the State’s economic development incentive programs through the Economic Opportunity Act, Governor Christie has fought to make New Jersey more competitive and to encourage businesses not only to move to the Garden State, but also to stay here, and to expand their operations and hire new employees.

Governor Christie continues to focus on creating better paying, middle-class jobs in innovative sectors and through small business growth while continuing to build on New Jersey’s economic momentum.

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Millennials’ hatred of ‘dealing with people’ is a major threat to fast-food workers

fast food self serviice

Hayley Peterson

Many millennials hate interacting with people, according to a new survey.

Nearly a third of people 18 to 24 prefer ordering from the drive-thru at restaurants because “they don’t feel like dealing with people,” according to a study by Ohio-based Frisch’s Restaurants, which owns and franchises 120 Big Boy Restaurants.

That’s bad news for fast-food employees.

It gives restaurant chains an added incentive to invest in automation technology, such as digital tablets that allow customers to buy food without human interaction.

Many restaurant chains, such as McDonald’s and Panera Bread, are already heavily invested in automation. Both have rolled out digital tablets at restaurants nationwide.

The technology has been praised for helping to improve customer-service speed and accuracy.But it also threatens to eventually replace human workers — especially as labor costs rise, according to analysts and labor activists.

https://www.businessinsider.com/millennials-hate-interacting-with-people-2016-8

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In $15 Minimum Wage Debate, Assembly Republicans Warn of Unintended Consequences

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As lawmakers consider a Democratically sponsored bill to raise the state’s minimum wage to $15 an hour in as soon as five years, state Republicans are pointing to the wage hike’s potential impact to New Jersey’s already strained budget. In his testimony at the Senate Labor Committee hearing where that bill advanced Monday, Assemblyman Declan O’Scanlon predicted that healthcare providers who receive state funding would turn to the state to offset the cost. JT Aregood, PolitickerNJ Read more