Top Qs
Timeline
Chat
Perspective

Raise the Wage Act

Proposed United States law From Wikipedia, the free encyclopedia

Raise the Wage Act
Remove ads

The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17.[3][4] Versions of the bill have been introduced in each United States Congress since 2017.

Quick facts Long title, Announced in ...
Thumb
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted.[1][2]
Remove ads

Background

Federal Minimum Wage

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.

Remove ads

Provisions

Summarize
Perspective

Minimum Wage Increases

The most recently introduced bill would gradually increase the minimum wage over the 5 years following the bill's passage and ultimately eliminate sub-minimum wages for tipped, disabled, and youth workers.[3] Additionally, once wages reach $17.00/hr, the minimum wage will be pegged to median wage growth so as to prevent the value of the minimum wage from decreasing.

More information Effective Date, New Minimum Wage ...
More information Effective Date, New Minimum Wage ...
More information Effective Date, New Minimum Wage ...
More information Effective Date, New Minimum Wage ...
Remove ads

Legislative history

As of April 18, 2024:

More information Congress, Short title ...

See also

References

Loading related searches...

Wikiwand - on

Seamless Wikipedia browsing. On steroids.

Remove ads