By Andrew Thompson
NJ Today, Jan 4, 2021
New Jersey is one of 20 states that will be raising their minimum wage to start the new year. Another four states have minimum wage increases scheduled later in 2021.
Business leaders across the country say minimum wage increases will boost consumer spending, strengthen local workforces and help build a shared economic recovery.
“The economy will get a shot in the arm when states raise their minimum wage to start the new year,” said Holly Sklar, CEO of Business for a Fair Minimum Wage.
“Businesses depend on customers who make enough to buy what they are selling, from food to car repairs,” said Sklar. “Minimum wage increases will go right back into local economies, helping workers and businesses get through the pandemic and economic crisis.”
“Let’s hope 2021 is also the year we raise the federal minimum wage, ending the longest period without an increase since 1938, when it was enacted to help our nation recover from the Great Depression,” said Sklar.