House Bill for $25 Minimum Wage Nears Deadline—Here’s How It Would Work
Summary
A bill called the Living Wage for All Act aims to raise the federal minimum wage in the U.S. to $25 an hour gradually, with deadlines set for large and smaller employers by 2031 and 2038. The current minimum wage is $7.25, and this bill also seeks to eliminate lower wages for tipped, younger, and disabled workers over time.Key Facts
- The bill, H.R. 8555, was introduced by Illinois Representative Delia Ramirez on April 28.
- Large employers are defined as those with $1 billion or more in yearly revenue or 500+ employees.
- Large employers would reach the $25 minimum wage by 2031, smaller employers by 2038.
- The minimum wage would be linked to two-thirds of the national median hourly wage and adjusted annually.
- Lower minimum wages for tipped workers, young workers, and some disabled workers would be phased out.
- Senator Chris Murphy plans to introduce a Senate version of the bill.
- The bill has 32 Democratic cosponsors but has not yet had a committee hearing.
- Critics worry a $25 minimum wage could reduce jobs, especially for young workers and in hospitality.
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