4 February Phil Murphy, the Governor of new Jersey signed a bill to raise the minimum wage to $15 an hour over the next five years.
The plan, approved by the Governor and legislative Assembly of the state, gradually increase the minimum wage in NJ to $15 per hour for most workers by 2024. The current minimum wage, which now stands at of $8.85, will increase to $10 by 1 July this year. The amount will increase $1 each year until it reaches $15 in 2024-m.
In his statement on Twitter before the signing of Murphy’s law said «for too long the people of new Jersey were struggling with wages that does not correspond to the cost of living».
For far too long, too many of our fellow New Jerseyans have struggled to survive on wages that have not kept up with the cost of living. Join me live in Newark as we sign landmark legislation raising the minimum wage to $15/hour.https://t.co/sjeT62Y76d
— Governor Phil Murphy (@GovMurphy) February 4, 2019
Republicans and many businesses oppose the rate hike, saying it would increase costs and adversely affect the business. New Jersey, along with the district of Columbia, will be the fourth state, which introduced a minimum wage of $15 per hour.
Earlier similar decision has already been made in new York, California and Massachusetts.
The restaurants in new York city after the introduction of a similar law has been forced to cut their working hours to stay afloat.
