Assembly Speaker Craig Coughlin, D-19, spoke to business groups on Monday.
All indications are that New Jersey will adopt a $15-an-hour minimum wage this year. Gov. Phil Murphy campaigned on the issue and the Assembly and Senate leaders support it. Based on previous interactions with the Legislature, NJBIA believes that there is little to stop such a bill.
That doesn’t mean the business community’s concerns will be ignored.
Speaking at Meet the Decision Makers on Monday, Assembly Speaker Craig Coughlin indicated that the $15 wage would not be implemented right away, and that it may not impact all businesses.
“I understand the business community’s concerns and can assure you they will be taken into account when the Legislature takes up a $15-an-hour minimum wage bill,” Coughlin said.
In meeting with business groups, including NJBIA, he indicated that there will be lengthy implementation and that it may include exceptions or “carve-outs” for certain types of jobs and certain industries.
Overall, however, Coughlin believes a higher minimum wage will be good for everyone.
“The extensive body of research … has found that raising the minimum wage boosts income for lower paid workers without reducing the overall employment and job growth.”
NJBIA will continue to work to mitigate the negative impact on businesses from any legislation that mandates an increase to the state’s minimum wage. NJBIA members are encouraged to join NJBIA’s Minimum Wage Workgroup by contacting Mike Wallace at mwallace@njbia.org.
3 responses to “Assembly Speaker Expects $15 Minimum Wage Bill This Year”
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Has Coughlin considered the fact that unemployed people don’t get paid minimum wage? $15/Hr will be the straw that breaks the proverbial camel’s back. We have a lot of jobs that can be easily moved to a lower cost State. Perhaps our politicians should grant tax payer money to a local university to study whether unemployed voters vote for the politicians who chased away their jobs.
Florida is looking better and better. It’s not just about job losses. It’s about quality of life. Look at Seattle and see the increases in homelessness and high real estate taxes that occurred after the minimum wage increases.
The purpose of the minimum wage is not the sizzle of real higher wages, but an increase in collection of income and payroll taxes while decreasing the population of welfare recipients on the backs of businesses who have no voting rights.
It is really about more state tax revenue without concern about the myriad of unintended consequences left for us to deal with. Just double the state tax and be done with it. After all that is really what this unchecked legislature wants.