The $15-an-hour minimum wage issue is likely to be at the top of the legislative agenda after Phil Murphy is sworn in as governor on Tuesday. Rather than a singular focus on the hourly rate of the minimum wage, NJBIA’s Michele Siekerka advocates for a more comprehensive discussion of what it takes to lift the wages of a low skilled worker in this Bergen Record Op-ed.
“The most critical discussion revolves around workforce development and what is needed to improve the skills of low-wage workers so they can organically earn higher paychecks,” she writes. “After all, higher skills yield higher wages.”
Business owners have very real concerns about a $15 minimum wage.
In the 2018 Business Outlook Survey, 64 percent of respondents – mostly small business owners – said they will reduce staff, cut back hours, raise prices and/or automate operations if the wage increases so steeply.