Legislature that could have potentially harmed New Jersey businesses has been vetoed by Republican Governor Christie.
New legislation proposing that New Jersey’s minimum wage be increased to $15 per hour over the next five years has been vetoes by Governor Chris Christie.
According to a recent report from Reuters, Christie vetoed the bill because of the harmful effects that it would have had on the state’s businesses, which would have struggled to absorb these increased labor costs.
Currently, New Jersey’s minimum wage is $8.38, and many in the business industry felt that this drastic wage increase would have been “too much, too fast,” Reuters reported. Had this legislature passed, New Jersey would have become the third state in the country to adopt legislature that will raise minimum wage to $15 per hour. However, the failure of the bill means that California and New York State are the only two states with such legislature in place.