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Top Democrats introduce bill raising minimum wage to $15 an hour by 2025
Published Tuesday, Jan. 26, 2021, 1:59 pm
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Front Page » Government/Politics » Top Democrats introduce bill raising minimum wage to $15 an hour by 2025
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Legislation introduced in Congress this week would increase the federal minimum wage to $15 in five steps over the next four years.
Under the terms of the Raise the Wage Act of 2021, the federal minimum wage would rise to $15 an hour by 2025, and beginning in 2026, it would be indexed to median wage growth,.
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Vermont Business Magazine In a press conference today, incoming Senate Budget Committee Chairman Bernie Sanders (I-Vermont) joined incoming Senate HELP Committee Chair Patty Murray (D-WA), House Committee on Education and Labor Chairman Bobby Scott (D-VA), Congressional Progressive Caucus Chair Pramila Jayapal (D-WA), and Representative Stephanie Murphy (D-FL) to announce the introduction of legislation raising the federal minimum wage to $15 by 2025.
The Raise the Wage Act of 2021 would increase the federal minimum wage to $15 in five steps over the next four years. Beginning in 2026, the federal minimum wage would be indexed to median wage growth. According to an independent analysis conducted by the Economic Policy Institute, the Raise the Wage Act would increase wages for nearly 32 million Americans, including roughly a third of all Black workers and a quarter of all Latino workers.
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