Content of of the new minimun wage bill

The new minimum wage bill, also known as the Fair Labor Standards Act (FLSA) Amendments of 2022, aims to increase the federal minimum wage to $15 per hour by 2025. Here are the key provisions of the bill:

Minimum Wage Increase:

• The federal minimum wage will increase to $15 per hour by 2025, with annual increases to account for inflation.
• The minimum wage will increase to:
  • $11.50 per hour in 2022
  • $12.50 per hour in 2023
  • $13.50 per hour in 2024
  • $15.00 per hour in 2025

Tipped Employees:

• The tipped minimum wage will increase to 70% of the federal minimum wage, or $10.50 per hour, by 2025.
• Tipped employees will be entitled to the same minimum wage protections as non-tipped employees.

Small Businesses and Seasonal Workers:

• Small businesses with 25 or fewer employees will have an additional two years to comply with the minimum wage increase.
• Seasonal workers will have an additional year to comply with the minimum wage increase.

Automatic Adjustments:

• The minimum wage will be adjusted annually for inflation, starting in 2026.

Other Provisions:

• The bill also includes provisions to:
  • Increase the minimum wage for youth workers (ages 16-19) to 85% of the federal minimum wage, or $12.75 per hour, by 2025.
  • Increase the minimum wage for tipped youth workers (ages 16-19) to 70% of the federal minimum wage, or $10.50 per hour, by 2025.
  • Provide additional funding for the Department of Labor to enforce minimum wage laws and protect workers' rights.

Effective Date:

• The bill will take effect on January 1, 2022, with the first minimum wage increase to $11.50 per hour.

It's worth noting that the bill has not yet been signed into law and is still pending in Congress.