IncSmart New Jersey (Small Business and Startups) - New Jersey business fight minimum wage increase.  The business lobby group is worried about Governor elect Phil Murphy's plan to hike the state's minimum wage to $15 an hour from $8.60 in 2018.  Raising the minimum wage is suppose to help unskilled workers, but in reality, the increase will hurt them instead.  Increasing the minimum wage will make unskilled workers, unemployable.  

The New Jersey's economy has been trailing other states. As it grew 2.3 percent for the second quarter, it ranks 33rd nationwide. New Jersey employment rate rom October 2016 to September 2017 grew 0.7 percent, ranking 39th nationwide.  Minimum wage increase will force small business to cut staff, reduce hours and raise prices. This may also include cutting workforce benefits.  Some businesses will be forced to pass the increased labor costs on to their customers through higher prices.
By IncSmart Staff Writer

Starting a Business in New Jersey

For 10 years, IncSmart.biz Business Services has helped companies and people from all over the world form New Jersey Corporations and New Jersey Limited Liability Companies. When you call, email, text, message or live chat with our office, expect personal attention. Small business is the heart of IncSmart.

We are very excited about helping you form your new company. Each state is so different when it comes to filing documents, you will know right away you are in the right place. 

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