Good on you New Jersey for raising the minimum wage

Well done. We'd like to underscore something with this ballot initiative. As Johnny said yesterday one of the best ways to get an economy running is to get money in the pockets of those who have the least of it. This does exactly that. But here is the point that really needed underscoring. As we also mentioned yesterday business groups will lie about the impact of these minimum wage raises across America. They'll say no jobs will be created, that -- well here, listen to one of their acolytes talk about raising the minimum wage:

Laurie Ehlbeck, state director of the National Federation of Independent Business said "We honestly believe there will be a loss of jobs and opportunities," Ehlbeck said. "They are not going to hire someone, they will give an employee fewer hours, they may reduce the benefits. They don’t want to do anything to hurt their employees, but they are working on a very small profit margin."

Now, would you like to hear from someone who actually OWNS a business with 120 employees (You know those small businesses the Chamber of Commerce likes to hide behind on such matters saying they'll all dry up and go away) and will be impacted by this vote:

“A higher minimum wage will actually help business owners by reducing absenteeism and worker turnover, which costs businesses way more than nickel and dime-ing on wages," Mitch Cahn, president of Unionwear, a clothing manufacturer in Newark with 120 employees, said. "Secure workers earning a living wage are productive workers and better consumers. A higher minimum wage just makes fiscal sense."

Game. Set. Match. to Mr. Cahn.

And good on you New Jersey.