Raising the minimum wage will cause job losses! This the fear statement coming from the Right-Wing and their media mouthpiece Fox News. In November, New Jersey voters overwhelmingly approved raising the minimum wage in the state to $8.25 an hour (with cost of living). So to accept the “fear statements” from the Right-Wing as fact, one would think that employers across New Jersey would shed jobs moving into the New Year. What we saw was not the exodus to the unemployment office. December saw New Jersey’s unemployment rate decline to 7.3%, lower by .5%. This the second largest one month decline in New Jersey history!
To beat the Right-Wing to the punch, this is what they will be saying. The .5% decline in unemployment was from the workers no longer looking for work, leaving the workforce. Let’s take that into the equation to entertain the nonsense. The .5% left the workforce but, the unemployment number did not increase!
Nationally there is a push to increase the minimum wage and the FEAR language has been coming hard. Fox reports a loss of 1 million jobs if the minimum wage is increased. Looking at New Jersey as 1/50 of this equation this statement would appear FALSE.
We must focus on the unemployment number in New Jersey in the month’s ahead to get the truth of the effect of raising the minimum wage. What we are looking for? A stable number would solidify the Rights claim of job losses to be a lie.