The Ridgewood Blog Brings a Free Market Laissez-faire Point of View to Local, New Jersey State and National Issues.
the staff of the Ridgewood blog
Ridgewood NJ, CBO analyzes the Raise the Wage Act of 2021 as introduced in the Senate on January 26, 2021. It would take effect on the first day of the third month after the date of enactment. If it was enacted at the end of March 2021, the minimum wage would increase by a set amount each year, starting in June 2021, until it reached $15 in June 2025.
Continue reading CBO : 1.4 million Workers Will Lose Jobs Due To Minimum Wage Hike
the staff of the Ridgewood blog
Trenton NJ, Senator Anthony Bucco said a law signed by Governor Phil Murphy today to raise the minimum wage in New Jersey from $8.85 to $15 per hour will force small business owners to make tough choices about staffing levels and the adoption of labor-replacing technologies.
“As a small business owner, I understand how difficult it is to maintain employees’ jobs and benefits when we’re constantly faced with new taxes and expensive mandates from the State,” said Bucco (R-25). “I have no doubt that the huge costs being forced on employers by Governor Murphy and the Democratic legislature will lead to reduced hours for workers, layoffs, and the faster adoption of automation technologies that already are driving workforce reductions in many industries.”
Continue reading Senator Anthony Bucco Warns Murphy’s Minimum Wage Law will lead to Layoffs and Automation
