4 Reasons Chris Christie Against Raising Minimum Wage in N.J. | Economy | NewJerseyNewsroom.com -- Your State. Your News.

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4 Reasons Chris Christie Against Raising Minimum Wage in N.J.

njgovchris_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

Share on Facebook! A question in next Tuesday’s election ballot would raise New Jersey’s minimum wage to $8.25 per hour, and call for annual increases based on inflation after that.

The hike has the support of around 70 percent of New Jersey’s voters.

But one prominent New Jersey resident doesn’t think the move would be a good idea. That would be Governor Chris Christie.

Christie has reasons for not approving of raising the minimum wage. 1.) It would require a constitutional amendment. “The money doesn’t come off a magic money tree,” Christie said, according to the Courier Post. “It doesn’t come magically from government.”

2.) In the absence of magic, Christie said the increase would hurt small businesses, convenience stores, and bodegas. The governor said, according to a Reuters report in The Huffington Post, "The sudden, significant minimum-wage increase, coupled with automatic raises each year tied to the consumer price index, will jeopardize the economic recovery we all seek.”

3.) He had his own alternative plan. According to The Washington Post, Christie offered to increase the minimum wage to $8.25 over a three-year period, and raise the tax credits for earned income.

4.) Christie says the Senate and the Assembly can’t agree on a proposal of their idea. “I told them all along that I am happy to discuss their idea to raise the minimum wage, but it has to be in the context of a number of other economic development and growth measures,” Christie said, according to nj1015.com.

Christie vetoed a bill to raise the minimum wage in January, and the question was put on the ballot.

 

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