Post by Logan on Apr 9, 2016 22:06:11 GMT -6
Doomsday, to hear some New Jersey business owners tell it, may be just around the corner.
The threat, as they see it, is the $15 minimum wage. New York just OK'd a phased-in new minimum, which would hit $15 in New York City in 2018. California also jumped on the economic bandwagon, adopting its own phased-in $15 floor.
In New Jersey, proponents have set their sights on $15 as well — never mind that Gov. Chris Christie has promised a veto.
All this gives Joe Bilotti pause.
“My yearly payroll is about $150,000," said Bilotti, who owns the Surfside Motel in Point Pleasant Beach. "If the minimum wage is raised to $15 per hour, it will raise my employee expense to about $225,000."
Read more: www.app.com/story/news/politics/new-jersey/2016/04/08/nj-minimum-wage/82699238/
The threat, as they see it, is the $15 minimum wage. New York just OK'd a phased-in new minimum, which would hit $15 in New York City in 2018. California also jumped on the economic bandwagon, adopting its own phased-in $15 floor.
In New Jersey, proponents have set their sights on $15 as well — never mind that Gov. Chris Christie has promised a veto.
All this gives Joe Bilotti pause.
“My yearly payroll is about $150,000," said Bilotti, who owns the Surfside Motel in Point Pleasant Beach. "If the minimum wage is raised to $15 per hour, it will raise my employee expense to about $225,000."
Read more: www.app.com/story/news/politics/new-jersey/2016/04/08/nj-minimum-wage/82699238/