New Jersey Governor Chris Christie was right to veto the $15 an hour minimum wage bill. Raising the minimum wage to such a high amount would have a devastating affect on the state's economy. First, many low-skill workers would be priced out of jobs - companies would simply invest in automated technology to replace humans. Secondly, such a high minimum wage would consumers that are low income and on fixed income, because it would require major price increases in retail and trade.
I believe that Chris Christie was correct in his assertion that the $15 an hour minimum wage bill would be burdensome to small businesses and as such was right to use his veto. Although some may disagree, evidence from many economists tend to point towards supporting the view held by Governor Christie.
The minimum wage needs to be increased to $15 an hour nationally and Christie was not right to veto the bill. Congress needs to make this a federal decision in order to keep a livable wage for working Americans. The working population should not be in poverty while corporate executives are making millions in bonuses and profits.
Governor Christie vetoed the 4415 an hour minimum wage bill, saying that it would "trigger an escalation of wages" that would keep business owners from operating in New Jersey. He also noted the low inflation as another justification for his veto. He did not, however, consider higher wages is correlated with lower employee turnover, decreasing the overall cost of doing business.