House Democrats Introduce Bill to Raise the Minimum Wage
(Washington D.C.) – On January 18, 2019, Congressman Albio Sires (D-NJ) made the following statement after joining Congressman Bobby Scott (D-VA), Chairman of the House Committee on Education and Labor, and 181 House colleagues in introducing the Raise the Wage Act.
“I am proud to be an original cosponsor this important legislation. Millions of families face an increased cost of living and the minimum wage is simply not keeping up,” stated Rep. Sires. “This will benefit millions across the country, including over one million people in New Jersey, by increasing the minimum wage to $15 an hour by 2024.”
The Raise the Wage Act of 2019 would gradually raise the minimum wage to $15 an hour by 2024, then, starting in 2025, index the minimum wage to match median wage growth. This legislation would help to reduce poverty and ensure that more working people have more money to spend on essential goods and services. Since the last minimum wage increase in 2009 to $7.25 an hour, the purchasing power of minimum wage workers has diminished by 15 percent due to inflation. This bill would increase wages for over 40 million people, 30 percent of the workforce, as well as, 1.2 million people in New Jersey, about a quarter of the state’s workforce.