ERROR: Macro njDefaultArticleHeader is missing!

Minimum wage, maximum resistance

By

Back to Top Comments Email Print

Latest News

DFW Capital Partners renews lease at Sanzari-owned mixed-use complex in Teaneck

By Emily Bader
February 5, 2016 11:23 AM

CONTINUE READING

Atlantic Stewardship Bank names SVP

By Eric Strauss
February 5, 2016 10:42 AM

CONTINUE READING

advertisement

BNY Mellon announces next CEO of Pershing LLC

By Emily Bader
February 4, 2016 12:33 PM

CONTINUE READING

Visionet appoints chief operating officer

By Emily Bader
February 4, 2016 10:59 AM

CONTINUE READING

Suydam Insurance Agency joins AssuredPartners

By Emily Bader
February 4, 2016 09:51 AM

CONTINUE READING

Update: Federally qualified health center opens in Newark

By Anjalee Khemlani
February 3, 2016 10:49 AM

A new federally qualified health center opened in Newark in place of a medical center which was shut down in 2008. CONTINUE READING

IPC Systems completes acquisition of Etrali Trading Solutions

By Emily Bader
February 3, 2016 02:12 PM

CONTINUE READING

advertisement

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:

Minimum wage, maximum resistance

By

Back to Top Comments Email Print

Latest News

advertisement

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:
advertisement

Comments


Be the first to comment.



Please note: All comments will be reviewed and may take up to 24 hours to appear on the site.

Post Comment
     View Comment Policy
advertisement
ERROR: Macro defaultSidebar is missing!
ERROR: Macro footer_top is missing!
Back to Top