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Minimum wage, maximum resistance

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EY opens office, learning hub in Hoboken

By Mario Marroquin
January 17, 2018 11:01 AM

Ernst & Young announced the official opening of its 170,000-square-foot office in Hoboken on Tuesday. The new location will be home to over 1,000 employees and will support learning and high performance capabilities. CONTINUE READING

The Vitamin Shoppe inks lease in Secaucus

By Mario Marroquin
January 17, 2018 11:21 AM

The Vitamin Shoppe has inked a long-term commitment at 400 Plaza Drive, Secaucus, brokerage firm Cushman & Wakefield announced today. The retailer will relocate its back-office operations from North Bergen to the Harmon Meadow property and take 28,000 square feet. CONTINUE READING

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Kimmerle Group names two new principals

By Mario Marroquin
January 16, 2018 11:48 AM

Harding and New York City-based Kimmerle Group recently announced the promotion of William Kimmerle and X “Cindy” Cui from senior associate and project manager to principals. The two promotions, Kimmerle said, come after William and Cui showed extensive leadership and experience across a broad range of topics. CONTINUE READING

Sheldon Gross completes leases in East Orange, Edison

By Mario Marroquin
January 16, 2018 01:02 PM

Brokerage firm Sheldon Gross Realty recently announced it negotiated two leases on behalf of Bivona & Co. and for Heart of Worship Church in Edison and East Orange, respectively. CONTINUE READING

Cushman & Wakefield arranges JV equity for Woodmont Properties development in Bayonne

By Mario Marroquin
January 15, 2018 11:22 AM

Brokerage Cushman & Wakefield recently announced it served as the exclusive advisor to Banker Residential in arranging a joint-venture with Woodmont Properties to develop in Bayonne. Woodmont acquired a majority stake in the venture, currently under construction at 190 West 54th Street, Bayonne. CONTINUE READING

Zucconi Property Group purchases property in Hainesport

By Mario Marroquin
January 15, 2018 11:43 AM

Brokerage firm Wolf Commercial Real Estate recently announced it has closed on the sale of 1345 Route 38, Hainesport. WCRE’s VP and principal Chris Henderson and senior associate Ryan Barikian represented the seller, Castle Clan LLC, and the buyer in the transaction. CONTINUE READING

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Good news today for business owners, as Chris Christie signaled he won’t support an increase in the state’s minimum wage.

The governor previously was somewhat more reserved in the past, saying he didn’t like the idea, and wasn’t even all that fond of people who were only making seven bucks an hour, because how is that supposed to fuel a comeback? — but he didn’t outright promise to kill it until Thursday.

It’s great news for business owners, as we argued on the editorial page this week, who in this still-weak economy have all the confidence of the chess club captain asking a girl to the seventh-grade dance. There would be an outsized impact on retailers, for instance, who employ a lot of minimum-wage workers. Paying them more at a time when sales are down, amid all the chatter of this recovery’s diminishing returns, will probably lead to job cuts, or else will further stall any kind of jobs comeback in this sector.

Hiking the minimum wage right now makes about as much sense as promising a 10 percent cut to the income tax. At least no one’s talking about that any more.

I’m even more irreverent on Twitter @joe_arney.

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Minimum wage, maximum resistance

By

Back to Top Comments Email Print

Latest News

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Good news today for business owners, as Chris Christie signaled he won’t support an increase in the state’s minimum wage.

The governor previously was somewhat more reserved in the past, saying he didn’t like the idea, and wasn’t even all that fond of people who were only making seven bucks an hour, because how is that supposed to fuel a comeback? — but he didn’t outright promise to kill it until Thursday.

It’s great news for business owners, as we argued on the editorial page this week, who in this still-weak economy have all the confidence of the chess club captain asking a girl to the seventh-grade dance. There would be an outsized impact on retailers, for instance, who employ a lot of minimum-wage workers. Paying them more at a time when sales are down, amid all the chatter of this recovery’s diminishing returns, will probably lead to job cuts, or else will further stall any kind of jobs comeback in this sector.

Hiking the minimum wage right now makes about as much sense as promising a 10 percent cut to the income tax. At least no one’s talking about that any more.

I’m even more irreverent on Twitter @joe_arney.

Share This Story On:
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