The Progressive


A project of Common Dreams

For Immediate Release

Sam Quigley,, 202-446-0489

"Raising the Minimum Wage Isn't Just Good for Workers, It's Good for Everyone"

New Jersey Democrats' minimum wage bill "would raise wages for nearly 1 million New Jerseyans while providing a massive boost to the state's economy"


Today, in response to news that New Jersey Democrats have struck a deal on a minimum wage bill that would raise the state's minimum wage to $15 an hour by 2024, Morris Pearl, former managing director at BlackRock, Inc. and Chair of the Patriotic Millionaires issued the following statement:

"It's about time that New Jersey Democrats finally came to a deal on lifting the minimum wage. A raise for New Jersey's workers is long overdue. If passed, their plan would raise wages for nearly 1 million New Jerseyans while providing a massive boost to the state's economy through increased consumer demand. Governor Murphy and his colleagues in the state legislature deserve credit for recognizing what economic experts have been saying for years - raising the minimum wage isn't just good for workers, it's good for everyone. The only problem with this deal is that it continues the wildly unfair practice of allowing tipped workers to be paid less than the standard minimum wage, leaving thousands of hardworking New Jerseyans at the unpredictable mercy of their customers' whims."

The Patriotic Millionaires is a group of high-net worth Americans who share a profound concern about the destabilizing level of inequality in America. Our work centers on the two things that matter most in a capitalist democracy: power and money. Our goal is to ensure that the country's political economy is structured to meet the needs of regular Americans, rather than just millionaires. We focus on three "first" principles: a highly progressive tax system, a livable minimum wage, and equal political representation for all citizens.

(202) 446-0489