For Immediate Release

Organization Profile: 

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"

WASHINGTON - 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."


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Proud “traitors to their class,” members of the Patriotic Millionaires are high-net worth Americans, business leaders, and investors who are united in their concern about the destabilizing concentration of wealth and power in America. The mission of The Patriotic Millionaires organization is to build a more stable, prosperous, and inclusive nation by promoting public policies based on the “first principles” of equal political representation, a guaranteed living wage for all working citizens, and a fair tax system.

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