This week, the Employment Policies Institute released a new study authored by Miami University economist Dr. William Even and Trinity University economist Dr. David Macpherson that examines the cost to the New Jersey public sector if the state raises its minimum wage by $1. The economists predict that New Jersey state and local governments will face $21.6 million per year in additional wage costs for public employees earning at or near the minimum wage.
Click here to view the economists’ study.
Previously, EPI projected entry-level job losses of as many as 4,700 positions if the ballot measure is successful.
Visit MinimumWage.com/NewJersey for more information on the unintended consequences of the proposed wage hike, or click here to watch Governor Chris Chistie’s stance on the issue.