The bill has passed and Gov. Phil Murphy has said he will sign it on Feb. 4, but that hasn’t stopped businesses from continuing to speak out against the $15 minimum wage proposal. Today, a number of shore businesses weighed in.

Michael Diamond, the veteran business writer for the Asbury Park Press, recently talked to some of them at the shore about the provisions supposedly helping seasonal businesses.

While most businesses in the state will have to raise their minimum wage in five months, businesses that make their money over the summer won’t have to pay more until the first of the year, when their minimum wage will jump to $10.30 an hour. (Most other businesses will have to pay $11 by then.)

“But the Shore’s tourism business owners said the looming minimum wage hike would put added pressure on their expenses, not only for the entry-level workers, but also for more experienced workers who also would need a raise, just for the sake of fairness,” Diamond writes in an article in this morning’s edition.

He quotes Anthony Catanoso, president of Steel Pier, an amusement park in Atlantic City:

“Its not a question of operators making more money.In some cases it’s operators surviving. There’s just not enough of a margin. We struggle every year. This is just going to make it harder.”

Alli O’Neill, the owner of Colonial Bakery, who testified before the Assembly Labor Committee in January, “crunched some numbers recently on the impact of a $15-an-hour minimum wage and came to a grim conclusion. She will need to raise the price of a dozen doughnuts from $11 to $21 to maintain her current profit margin,” Diamond writes.

Through the course of the two-week debate on the bill, more than 4,000 businesses shared their stories about how minimum wage will impact their ability to operate in New Jersey. Unfortunately, their concerns were not heard by a majority of legislators.

Read more.

10 responses to “Businesses Continue to Speak Out Against Minimum Wage”

  1. Paul Kennedy says:

    To absorb the increase makes me no money
    to raise my pricing I will get less jobs so that make it senseless to stay in Business in this state
    God Aweful !

  2. JoeP says:

    In case anyone hasn’t noticed, NJ doesn’t give a hoot about businesses and their concerns. They only look at them as cash cows. How many businesses will close due to this idiotic bill remains to be seen. I suspect it will be a slow death for many as the costs to do business here continue to skyrocket.
    It’s just sad…

  3. John V says:

    This is my third response to this issue. Another moronic decision made by the legislators in Trenton. Murphy and his cronies can add destroying small NJ businesses to their ever increasing resume of ineptness in governing. For all the residents of the state who think this is such a great victory, I and other small business owners don’t want to hear your boo- hooing when all your living expenses increase including food, services and entertainment. You thought living in NJ was expensive before. Just wait!

  4. Bruce says:

    Another pathetic non response by our so-called law makers to what we, small business owners in NJ, have been professing on how this decision will affect our economic survival. This decision will shrink our margins and cause many of us to remain in business. I will have to reduce my work force during our peak season and hopefully not have to raise my pricing to compensate. 48 years in business serving my friends throughout the communities. Time to remove ALL that voted in favor of this wage increase.

  5. Thomas says:

    When business got tougher in late 2008-2009 many companies figured out how to streamline operations so we went from 125 employees to 80 today. Same volumes same results. When government does one thing business’s go another route. These people can say all they want it will impact small business very hard and also does alter pay of the rest of employees. This is what happens in the state. They don’t care about business it’s just buzz words. Disgraceful.

  6. George says:

    It appears that the cries from small business have once again gone on deaf ears in Trenton. Too many of my peers won’t be around by 2022 as the cost of doing business in New Jersey makes it prohibitive to keep doors open. Unfortunately, the State will pay the piper as tax revenues slide, looking at other “great places” that have done this type of action illustrates closed businesses and less hours for employees, if you can’t pay them they can’t work. The business model isn’t reviewed in Trenton only the State model and that says New Jersey and business Awful together.

  7. Frank Ritota says:

    It is going to leave us unable to compete with neighboring states. I know our company will have some jobs end up in the midwest as costs here leave us not able to compete

  8. Jerry Butler says:

    It is absolutely preposterous to make the financial damage Trenton inflicts on the State with poor decisions and planning the responsibility of NJ business through stunts like raising the minimum wage and raising other businesses taxes. Any short term gain in State revenue won’t last as businesses are destroyed, close and relocate. Even major corporations are sick of the taking by Trenton. Honeywell… here since 1958… and many others gone. Sooner or later big companies bite back and say you know what… it’s just not worth it to stay in NJ. The only way to get a handle on the looming financial catastrophe in Trenton, our businesses and families is to fix healthcare so property taxes come down. There are billions of dollars that Trenton, businesses and municipalities waste on exploding healthcare costs much of which are embedded in everyone’s property tax bill. Trenton wastes billions of dollars on healthcare for State workers. Until the health insurance monopoly is broken and we all get cheaper healthcare options NJ is in danger of going under. The crisis in Trenton is one of lacking leadership because there is a way to get Trenton’s financial house in order and off the backs of all business and people in NJ. The healthcare and property tax crisis is killing our State and putting it on the back of business is the worst move possible. The future of healthcare and lower property taxes is universal free market health insurance and care access not universal healthcare.

  9. Marion Costa says:

    Feb. 1, 2019
    Sadly, raising the min. wage to $20/$15 hour should not include teens and minors who work after school or whenever. Adults, head of households need a liveable wage but $15 hour will not do it. The cost of living in NJ is outrageously high, and the real challenge is for politicians to brainstorm how to bring it down. We pay the highest prop taxes in USA, and live with just almost 100 Superfund sites that should have been cleaned up years ago, still causing cancer and other diseases to those who live near them in NJ. Raising the min. wage is also gonna put too many small businesses out of business. They can only raise their prices so much to compensate. It is the big corporations NJ should be looking at. Sad reality. Politicians should think, read, brainstorm and hear all sides before such far reaching decisions are legislated into law. Too many working people are leaving NJ and will continue to do so. In the end NJ will be mostly the wealthy who will be unable to hire cheap help to do their menial dirty jobs.