 | This article relies largely or entirely on a single source .(March 2021) |
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| Long title | To provide for increases in the Federal minimum wage, and for other purposes. |
|---|---|
| Announced in | the 117th United States Congress |
| Number of co-sponsors | 202 |
| Legislative history | |
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The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$15. [3] [4] It has been introduced in each United States Congress since 2017.
The minimum wage in the United States is set by U.S. labor law and a range of state and local laws. The first federal minimum wage was created as part of the National Industrial Recovery Act of 1933, signed into law by President Franklin D. Roosevelt, but declared unconstitutional. In 1938 the Fair Labor Standards Act established it at $0.25 an hour ($5.19 in 2022 dollars). Its purchasing power peaked in 1968 at $1.60 ($13.46 in 2022 dollars). [1] The Fair Minimum Wage Act of 2007 has set the minimum wage at $7.25 per hour since 2009. The real value of the federal minimum wage in 2022 dollars has decreased by 46% since its inflation-adjusted peak in February 1968.
The most recently introduced bill would gradually increase the minimum wage over the next 5 years as follows: [5]
| Effective Date | New Minimum Wage |
|---|---|
| The next year on January 1 | $9.50 |
| 1 year later | $11.00 |
| 2 years later | $12.50 |
| 3 years later | $14.00 |
| 4 years later | $15.00 |
| Effective Date | New Minimum Wage |
|---|---|
| The next year on January 1 | $5.00 |
| 1 year later | $7.50 |
| 2 years later | $10.00 |
| 3 years later | $12.50 |
| 4 years later | $15.00 |
The bill raises the minimum wage to $4.95 an hour for tipped employees and their employers. [5]
The bill raises the minimum wage to $6.00 an hour for newly hired employees who are 20 years older or less. [5]
As of October 25, 2022:
| Congress | Short title | Bill number(s) | Date introduced | Sponsor(s) | # of cosponsors | Latest status |
|---|---|---|---|---|---|---|
| 115th Congress | Raise the Wage Act | H.R. 15 | May 25, 2017 | Bobby Scott (D-VA) | 171 | Died in committee |
| S. 1242 | May 25, 2017 | Bernie Sanders (D-VT) | 31 | Died in committee | ||
| 116th Congress | Raise the Wage Act | H.R. 582 | January 16, 2019 | Bobby Scott (D-VA) | 205 | Passed the House |
| S. 150 | January 16, 2019 | Bernie Sanders (D-VT) | 32 | Died in committee | ||
| 117th Congress | Raise the Wage Act of 2021 | H.R. 603 | January 28, 2021 | Bobby Scott (D-VA) | 202 | Referred to Committees of Jurisdiction |
| S. 53 | January 26, 2021 | Bernie Sanders (D-VT) | 37 | Referred to Committees of Jurisdiction |
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