Minimum wage hike bad for business, owners say - New York News

Minimum wage hike bad for business, owners say

Posted: Updated:

TRENTON, N.J. (AP) - A majority of New Jersey's business leaders say a proposal to automatically adjust the minimum wage every year would dissuade businesses from locating here and hurt those already here.

The state Chamber of Commerce tells The Associated Press that seven out of 10 business owners and executives it surveyed say approval of a ballot question raising the wage would hurt the state's fragile economy.

More than half say their own businesses would be hurt. And eight out of 10 say policy matters should not be inserted into the constitution.

A question on the Nov. 5 ballot asks voters to approve raising the minimum wage to $8.25, from $7.25, and amend the constitution to trigger annual adjustments based on the Consumer Price Index.

Proponents say all employees deserve a living wage.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • West Indian Day Parade steps off amid shootings

    West Indian Day Parade steps off amid shootings

    Monday, September 1 2014 3:36 PM EDT2014-09-01 19:36:22 GMT
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
    The West Indian Day Parade is supposed to be a time of fun and excitement in celebration of Caribbean culture. However, several shootings near the parade has turned it into a day of tragedy for some.
  • Man to face murder charges in mother's slaying

    Man to face murder charges in mother's slaying

    Monday, September 1 2014 3:08 PM EDT2014-09-01 19:08:57 GMT
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
    Murder charges are pending against a northern New Jersey man who allegedly stabbed and beat his mother to death.
  • Homeowner interrupting burglary is fatally stabbed

    Homeowner interrupting burglary is fatally stabbed

    Monday, September 1 2014 2:35 PM EDT2014-09-01 18:35:46 GMT
    A 67-year-old homeowner was stabbed to death and his wife injured after they came upon a burglary at their Staten Island home.
    Police in New York City say an intruder stabbed a couple who interrupted a burglary at their home, killing the man and injuring his wife.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices