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Minimum wage, maximum resistance

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Kislak completes $9.64M sale of retail center in Bayonne

By Emily Bader
February 27, 2017 12:53 PM

Woodbridge-based The Kislak Co. Inc. announced the recent sale of a Family Dollar-anchored shopping center in Bayonne for $9.64 million. CONTINUE READING

Synchronoss names CFO

By Emily Bader
February 27, 2017 12:18 PM

Synchronoss Technologies Inc., a Bridgewater-based mobile cloud platform, announced that John Frederick has been named its chief financial officer, effective immediately. CONTINUE READING

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Pulmonary practice joins Inspira Medical Group

By Eric Strauss
February 27, 2017 01:37 PM

Inspira Medical Group, part of South Jersey’s Inspira Health Network, announced Monday that Penn Jersey Pulmonary Associates has joined the group at a new location in Woodbury. CONTINUE READING

Marcus & Millichap complete sale of $2.45M retail property

By Emily Bader
February 24, 2017 11:01 AM

Marcus & Millichap announced Thursday the sale of a retail property in Edison for $2.45 million, according to Brian C. Hosey, regional manager of the firm’s New Jersey office. CONTINUE READING

Chase Bank location sells in Westwood for $2.1M

By Emily Bader
February 24, 2017 12:49 PM

A Chase Bank has sold in Westwood for $2.1 million, according to Marcus & Millichap. CONTINUE READING

Valley National Bank names head of commercial lending division

By Emily Bader
February 24, 2017 10:21 AM

Valley National Bank, the wholly-owned subsidiary of Valley National Bancorp, announced Friday it has promoted James M. Trouwborst to senior vice president, commercial lending division head. CONTINUE READING

IEEE executive director to retire

By Mario Marroquin
February 23, 2017 02:19 PM

IEEE has announced that, after eight years of working with the organization, Executive Director James Prendergast has elected to retire in 2018. 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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