Voting For Dollars - New York News

Voting For Dollars

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Trenton, New Jersey (My9NJ) -

Today is Election Day and in addition to hitting the polls and voting for New Jersey governor, there is an important ballot question about raising the minimum wage in the Garden State. The ballot would raise the minimum wage by one dollar from $7.25 to $8.25 an hour and allow automatic cost-of-living increases.

Chief Advocate for raising the minimum wage, Gordon MacInnes says this increase needs to happen. “I’m supporting it because the people who receive the minimum wage now or the wage under $8.25 are in desperation,” he said.

National Federation for Independent Business (NFIB) representative, Jack Mozloom, says that this increase will hurt small business and cause more workers to lose their jobs. “We have 7,000 members here in New Jersey and 93% of them agree this is going to be bad for them. They’re alarmed mostly by the provision that will raise the minimum wage every year automatically forever, regardless of business conditions,” he said.

MacInnes however doesn’t think there is any reason to believe jobs will be lost with the increase. “There’s no evidence, zero evidence that increasing the minimum wage cuts jobs,” he said.

On the contrary, Mozloom says there is plenty of research about this that proves jobs will be lost. “There are 2,000 small business owners in New Jersey. As a matter of logic do you think it’s possible that none of them will be badly affected by this?” He said.

MacInnes doesn’t think that businesses should be made the victims in this. “Here’s what I think overrules that. They’re running a business. It’s successful because they’re still in business. It’s right that they pay a respectful wage to the people they employ,” he said.

Some think that the unions are simply pushing this no matter the ill effects it could have. “The unions are bankrolling this whole effort because they are the only ones that are going to make out. This is a way for them to guarantee themselves a pay raise every year automatically forever, without ever having to bargain,” Mozloom said.

MacInnes says this increase won’t only help the unions, but those who need the extra money with the changing economy. He doesn’t believe this increase will eliminate poverty though. This one dollar increase won’t improve these people’s living standards so they can afford to buy a house or send their child to college. “I’m saying that in this state, with the cost of living as high as it is, they ought to be entitled to something better than 6 dollars and 43 cents an hour in purchasing power” MacInnes said.

So who will this increase benefit? Mozloom doesn’t think it will help anyone. “If you have to keep raising your prices, then your consumers are eventually going to go away. This is going to inflate the cost,” he said.

Clearly there seems to be both pros and cons to this important question on the ballot and it looks like the decision will be left up to voters today.

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