Parsippany Focus: Governor Murphy Signs Landmark Legislation Raising Minimum Wage to $15 Per Hour

New Law Will Boost Wages for Over One Million New Jersey Workers

By Frank L. Cahill
Parsippany Focus, Feb 4, 2019

TRENTON — Governor Phil Murphy signed legislation that will raise New Jersey’s minimum wage to $15.00 per hour by 2024. ...

Parsippany-Troy Hills Mayor Michael Soriano said “More money in employees pockets means more money is being spent in Parsippany restaurants and retails stores. It’s going to boost our local economy, and it’s going to help New Jersey continue to develop a thriving small business culture.” ...

“New Jersey is taking a big step forward in raising the minimum wage for most workers to $15.00 by 2024. It would be better, however, if that timetable applied to all businesses instead of putting some on a slower path,” said Holly Sklar, CEO of Business for a Fair Minimum Wage. “A lagging minimum wage will hurt small businesses, not help them. Small businesses that choose to pay the lower minimum wage will have more trouble hiring, experience higher turnover and lower productivity as employees go elsewhere to make a living, and undermine the customer service that keeps people coming through their doors. Rebranding ‘Shop Small’ as ‘Pay Small’ is the last thing small businesses need.”

Kelly Vlahakis-Hanks, President and CEO of Earth Friendly Products®, maker of more than 200 ECOS® brand green cleaning products, Parsippany: “We’ve paid a living wage significantly above the minimum wage for many years, and we’ve seen long-term savings in the form of low turnover and better productivity and customer service. The direct costs of turnover include recruitment, interviewing and training. The indirect costs are less obvious, but they’re significant: lost productivity during onboarding, lower efficiency and lost corporate memory. Raising the minimum wage is an important investment in businesses and the consumer spending that drives New Jersey’s economy.” ...

“Last fall, we announced a $15.00 minimum wage for all hourly employees in the U.S.,”said Brian Huseman, Vice President of Public Policy at Amazon. “Since then, employees have told us they’re having an easier time providing for their families and meeting their financial needs. That’s why we called on other companies and policymakers to join us in this endeavor. We applaud Governor Murphy for his efforts to raise wages for New Jersey’s entire workforce.” ...

Read more

Copyright 2019 Parsippany Focus

Share +