NJ Today, February 8, 2025
The rising cost of living has become a central concern for Americans, with everyday expenses, like a cup of coffee, reaching new highs. Yet, for millions of workers, the federal minimum wage has remained stagnant since 2009. ... In response, many states have taken matters into their own hands by raising their minimum wage, with 21 states implementing increases at the start of 2025. ...
Many business owners also support these changes, noting that higher wages can lead to increased consumer spending, improved employee retention, and stronger local economies.
Mitch Cahn, president of Unionwear, a manufacturing company in New Jersey, highlighted the benefits of paying fair wages, stating, “When wages go up, so does consumer spending and revenues at businesses, helping them to grow and create new quality jobs.” ...