Will you be giving minimum wagers a raise soon?

If your firm employees any workers who make the minimum wage, take this as a warning: Democrats in the House and Senate reintroduced the bill to raise the U.S. minimum wage to $15 per hour. 

The last time the minimum wage was increased was 2009.

Possible changes

The Raise the Wage Act of 2021 would:

• increase the pay floor gradually to $15 an hour nationwide by 2025
• tie future increases to median wage growth
• ensure tipped workers are paid the full federal minimum wage
  by phasing out the subminimum wage for tipped workers
• pay teen workers at least the full federal minimum wage by phasing out subminimum wage for youth workers, and
• end subminimum wage certificates for workers with disabilities.

Preparations

There’s no time like the present to prepare for the possibility of a new minimum wage.

Take a good look at your expenses and budget now, and figure out how this might affect them in the near future.

Info: Raise the Wage: Fact Sheet

Renee Cocchi

Renée Cocchi has a passion for learning and helping other professionals do their jobs more effectively and efficiently. She earned her Master's Degree from Drexel University, and she’s spent the past few decades working as a writer and editor in the publishing industry. Her experience covers a wide variety of fields from benefits and compensation in HR, to medical, to safety, to business management. Her experience covers trade publications, newsmagazines, and B2B newsletters and websites. When she's not working, she spends her free time just chilling with her family and volunteering at a local dog shelter. Her goal in life is to help all shelter dogs get happy, loving homes!