PolitickerNJ Wire Feed
BUCCO STATEMENT ON MINIMUM WAGE INCREASE
Deputy Republican Leader Anthony M. Bucco, R- Morris and Somerset, who is a member of the Assembly Budget Committee, issued the following statement today after the General Assembly passed legislation increasing the state’s minimum wage from $7.25 per hour to $8.50 per hour. The bill, A-2162, also provides for annual increases based on the Consumer Price Index (CPI):
“Increasing the minimum wage by 17 percent will not help New Jersey’s economy. It will have a negative effect on a large segment of wage earners who are seasonal employees or part-time workers. Businesses will adjust their operation in a manner that will not help those who are earning money to pay for college tuition or car insurance. At a time when a number of small businesses are trying to recover from October’s superstorm, this bill will not help them in that effort.
“In addition to increasing the rate by 17 percent, an equally faulty provision of this bill is adjusting the rate annually based on increases to the CPI. Employees compensated at this level, who are typically between the ages of 16 and 21, could very well see their ranks diminish or the number of hours they work reduced. It is naïve to think businesses will not adjust to this increase accordingly. Ultimately, the increase in the cost of doing business will be passed onto the consumer.”
On the Net:
NJ Assembly Republicans on Facebook
NJ Assembly Republicans on Twitter
As a Morris County Freeholder, the late Joan Bramhall established the Morris County Library Foundation.Read More >
Fight of the Week: Donovan v. Pascrell Fight of the Week Bergen County Executive Kathe Donovan v. U.S. Rep. Bill Pascrell (D-9) (Pizarro/PolitickerNJ) http://www.politickernj.com/79736/fight-week-donovan-v-pascrell Paramus mayor's race: Candidates in closely-divided Bergen borough spar over taxes, towing issues PARAMUS - When voters go to the polls in November...
By MICHAEL W. KLEIN In his weekly radio address on August 16, President Obama challenged colleges “to do their part to bring down costs” and lighten the tuition burden on students. The state colleges and universities in New Jersey have... Read More >
"But things get touchy between LaBarbiera and LoCicero when it comes to taxes, the bete noire of politics in the statewide election bellwether, Bergen County."- PolitickerNJ
Press releases are submitted by PolitickerNJ users, not by staff. They do not represent the viewpoint of PolitickerNJ.com.