Many business owners in New Jersey are vehemently opposed to this year's ballot question which asks voters if they'd like to amend the State Constitution to increase the minimum wage from $7.25 an hour to $8.25 and then adjust it annually based on the Consumer Price Index (CPI).
The Conference Board's latest consumer confidence index has dropped slightly, from 81.8 to 79.7, because many people are feeling less optimistic about pay hikes and wage increases over the next 6 months.
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