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’s spent decades working as a writer and editor in the publishing industry, covering 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.