The Libertarian Party of New Jersey announced on May 3 that it opposes an increase to the federal minimum wage, instead calling for policies that simplify and reduce the cost of starting and running small businesses.
The party said its approach aims to help laborers by creating more employment opportunities. According to a statement, “Make starting and running a small business simpler and cheaper. Audit the FED and Pentagon to identify economic waste. The best and most effective way to help laborers is to increase employment opportunities. One possibility is to deregulate small businesses, which account for around 45 percent of all employment. Additionally, the more competition in the market, the cheaper goods and services become.”
The Libertarian Party of New Jersey functions as the state affiliate of the national Libertarian Party, according to the official website. The organization extends its activities across New Jersey, provides support for ballot access and libertarian candidates, and operates as a political entity focused on advancing libertarian principles such as limited government and personal freedoms.
According to its official website, about 45 percent of all employment comes from small businesses in New Jersey. The party believes that reducing regulations could encourage further growth in this sector.
Looking ahead, representatives from the party say they will continue advocating for policies aimed at promoting competition in markets while identifying areas where government spending can be reduced.
