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U.S. lawmakers introduce 'Raise the Wage Act' aimed at raising minimum wage to $15

minimum wage
Posted at 12:00 PM, Jan 26, 2021
and last updated 2021-01-26 12:32:45-05

(WTXL) — Democrats in the House and the Senate have proposed legislation to move the federal minimum wage, currently $7.25, to $15 by 2025.

The bill would gradually increase minimum wage pay "in five steps over the next four years, increasing pay for nearly 32 million workers,” according to a press release.

If the House version of the bill is passed and signed by the president, the wage would increase to $9.50 when the bill goes into effect. The wage would then increase to $11 the following year, $12.50 in 2023, $14 in 2024, and $15 in 2025.

Employers cannot pay their employees less than the set minimum wage per hour rate established by federal law.

In the 2020 election, a supermajority of Florida voters approved the amendment to the Florida Constitution that will raise Florida's minimum wage to $15 an hour by 2026.

Under the amendment, the minimum wage in Florida will rise to $10 per hour on September 30th, 2021, and keep increasing by $1 per hour each year until the minimum wage reaches $15.00 per hour on September 30, 2026.

This is a developing story. Stay with us for details.