Bloomberg (06/08/12) Terrence Dopp
New Jersey Gov. Chris Christie has indicated he will not sign a measure to boost New Jersey’s minimum wage, citing concern over a provision requiring annual adjustments for inflation. The measure–which passed the Assembly in May and is pending in the Senate–would raise the hourly wage floor to $8.50 from $7.25.
“We’re telling small-business owners that not only are we going to raise their costs by a buck and a quarter, but we’re also going to raise it with these cost-of-living adjustments,” says Christie. “Here’s what’s going to happen–they’re going to have to lay people off.”
New Webinar: CareerBuilder Staffing and Recruiting Talent Brief
As many as 75% of staffing and recruiting professionals say some of their currently existing talent acquisition and human capital management roles will be completely automated using technology over the next 10 years. Find out how this will impact your business.