Assemblyman Moriarty’s Sponsored Legislation to Raise The Minimum Wage to $15 is Now Law
Jersey Legislators are concerned with affordability in our state. According to
the United Way Alice (Asset Limited, Income Constrained, Employed) project, the
number of NJ households that cannot afford basic needs increased by fifteen
percent between 2010 and 2016. To combat this issue, New Jersey became the
fourth state to establish a path to $15 minimum wage by 2024 for most workers.
On February 4th, Assembly Bill 15, sponsored by Assemblyman Moriarty, was
signed into law by Governor Murphy.
Today in New Jersey a person working a minimum wage job for 40 hours each week will make less than $18,500 a year. Meanwhile, United Way estimates that the annual cost of basic household necessities is now $26,640 for a single adult and $74,748 for a family of four. Assemblyman Moriarty believes that this disparity demonstrates the need to raise the minimum wage to a livable one.
In this spirit, the law will raise the minimum wage for most workers to $10 an hour on July 1st. Then the minimum wage will increase by $1 per hour every January 1st until it reaches $15 per hour in 2024. At that point, full-time minimum wage workers in New Jersey will earn $ 31,200 a year, about $12,700 more than they do now.
Due to concerns for several businesses, the minimum wage will increase at a different rate for some workers. Small business employees and seasonal workers will reach $15 an hour in 2026. Meanwhile, farmworkers’ wages will increase to $12.50 in 2024. Then, pending approval by state officials, farmworkers could reach $15 by 2027.
Additionally, the law establishes a training wage in 2020, that must be at least 90 percent of the minimum wage, which employers may pay new employees for the first 120 hours of work. The law also raises the tipped wage from $2.13 to $5.13 per hour by 2022. The tipped wage combined with the employee’s tips must equal the minimum wage.
Assemblyman Moriarty has backed legislation to make our state more affordable throughout his tenure in the General Assembly. Previously, the Assemblyman sponsored bills to freeze property tax rates for seniors and limit unexplained rent increases. Raising the minimum wage is another way Assemblyman Moriarty is making New Jersey a more affordable state for everyone.