New Jersey Business for a Fair Minimum Wage Sign-On Statement

We, the undersigned business owners and executives, support raising New Jersey’s minimum wage to benefit businesses, workers and our state’s economy. 

New Jersey’s minimum wage of $7.25 an hour amounts to just $15,080 for full-time, year-round work.  In one of the most expensive states in the country, this wage is too low for health aides, childcare workers, cashiers, restaurant workers, security guards and other minimum wage workers to make ends meet. Currently, New Jersey lags behind the District of Columbia and 19 other states – from Alaska to Florida – that have minimum wages above $7.25.   

Raising the minimum wage makes good business sense. Small businesses need more customers and stronger consumer demand.  An increase in the state’s minimum wage will boost sales at local businesses as workers are able to buy needed goods and services they could not afford before the increase. And nothing drives job creation more than consumer demand. 

As business owners and executives, we support increasing the New Jersey state minimum wage from $7.25 an hour to $8.25 an hour, with an adjusted annual cost of living increase. A fair minimum wage makes good sense for our businesses, our workers and our state.

* Research and other resources are posted here

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