Senate Democrats sponsor bill to hike minimum wage to $15 an hour
21 January, 2019, 13:25
If passed, their plan would raise wages for almost 1 million New Jerseyans while providing a massive boost to the state's economy through increased consumer demand.
It was a sentiment echoed by Senate President Steve Sweeney, who said, "This is a progressive plan to elevate New Jersey's minimum wage to $15 so that workers have a fair wage that allows them to support themselves and their families".
"This compromise is evidence that the governor and Democrat legislative leadership have no sense of reality on what small businesses can pay". The current $7.25 an hour federal minimum wage is a starvation wage. Bernie Sanders' push for an increase in the federal minimum wage.
Just a few short years ago, we were told that raising the minimum wage to $15 an hour was "radical.' But a grassroots movement of millions of workers throughout this country refused to take 'no" for an answer.
"Putting the minimum wage on a clear and responsible path to $15 an hour is good for workers, good for our businesses, and good for our economy", Murphy said.
Lawmakers plan to vote on the bill by the end of January and send it to the governor's desk for final approval before it becomes law.
It would then climb by $1 a year until reaching $15 in 2024.
The bill, called the "Raise The Wage Act", would index future increases in federal minimum wages in efforts to not let the system "once again erode over time", according to a statement by the Democratic Senators.
The hike could cost the USA around 750,000 jobs, according to Job Creators Network President and CEO Alfredo Ortiz.
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