Christie Proposes $1 Minimum-Wage Increase Over Three Years [View all]

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http://www.bloomberg.com/news/2013-01-28/christie-proposes-1-minimum-wage-increase-over-three-years-1-.html

New Jersey Governor Chris Christie proposed increasing the state’s minimum wage by $1 over a phase- in period of three years.

Christie conditionally vetoed Democrats’ legislation, which had sought to raise the wage to $8.50 an hour in March from $7.25 and tie future increases to changes in the U.S. Consumer Price Index. He also proposed a 25 percent increase in the New Jersey Earned Income Tax Credit, which benefits workers of low and moderate incomes.

Christie, 50, a Republican seeking a second term, said in a statement that the Democrats’ measure was “lopsided” because it would harm small businesses while helping wage earners.

New Jersey Chamber of Commerce Chief Executive Officer Thomas Bracken called Christie’s proposal a “reasonable compromise.”


***A WHOLE DOLLAR!11