Resolution of Buena Vista Township

RESOLUTION  NO. 215 - 2013
RESOLUTION  OF BUENA VISTA TOWNSHIP, COUNTY OF ATLANTIC, STATE OF NEW
JERSEY, REQUESTING RESIDENTS OF BUENA VISTA TOWNSHIP TO SUPPORT BALLOT
QUESTION #2 TO RAISE NEW JERSEY'S MINIMUM WAGE TO $8.25 

WHEREAS, the federal minimum wage was signed into law in 1938 by President Franklin Roosevelt, at the height of the Great Depression; and 

WHEREAS, the minimum wage increases consumer purchasing power, increases workers' standards of living, reduces poverty, and stimulates the economy; and 

WHEREAS, the cost of living in New Jersey continues to rise, yet there has been no state legislative action approved to increase in the minimum wage since 2005; and 

WHEREAS, unlike New Jersey, 19 other states and the District of Columbia currently maintain a minimum wage above the federal rate of $7.25; and 

WHEREAS,  10 states provide for the annual adjustment of their minimum wage to ensure that the real value of the lowest paid workers' wages does not shrink as normal costs of living goes up, 4 states have amended their constitutions to do so; and

WHEREAS, according to New Jersey Policy Perspective, 429,000 workers in New Jersey earn at or near the minimum wage, more than 350,000 are over the age of 20, 250,000 are women, 79,000 are men, 154,000 are Hispanic, 69,000 are African-American  and 31,.000 are Asian; and

WHEREAS, because Governor Chris Christie vetoed a minimum wage increase this year, the state legislature voted to place the question before voters on the November 5, 2013 ballot to raise the minimum wage and adjust it annually according to the consumer price index; and 

WHEREAS, by raising the standard of living through a higher minimum wage, New Jersey would likely realize various societal benefits such as improved education, safer communities, great opportunity for upward mobility, and more financial ability for families; and 

WHEREAS, the Chicago Reserve Bank conducted a study in 2011 that estimates that for every dollar increase in the minimum wage, there is $2,800.00 in new consumer spending by that household the following year, this revenue is injected into the local economy which translates into greater consumer demand for local goods and services, thereby requiring employers to hire additional workers to meet this demand which translates into job creation; and

NOW, THEREFORE, BE IT RESOLVED that the Mayor and Township Committee of the Township of Buena Vista, County of Atlantic and State of New Jersey urges the residents of the Township of Buena Vista to vote yes on Ballot Question #2 to raise New Jersey's minimum wage from

$7.25 to $8.25 an hour and adjust annually based on the Consumer Price Index to reflect the economic conditions facing New Jersey workers and to ensure that New Jersey's minimum wage is not a poverty wage but is a fair wage for workers

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