Democratic Lawmakers Introduce Bill to Raise Federal Minimum Wage to $25 an Hour

Democratic lawmakers have introduced the Living Wage for All Act, aiming to gradually increase the federal minimum wage to $25 an hour by 2031 for large employers and 2038 for smaller ones. The bill would tie the federal minimum wage to two-thirds of the national median wage, currently around $31 an hour. The current federal minimum wage remains at $7.25 since 2009.

By Kamaron McNair · CNBC ·

Democratic Lawmakers Introduce Bill to Raise Federal Minimum Wage to $25 an Hour

Topics: economic policy federal legislation labor rights minimum wage

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