New minimum wage proposal

There have been several new minimum wage proposals introduced or discussed in recent years. Here are a few examples:

  1. Federal Minimum Wage Increase: In 2021, the Biden administration proposed increasing the federal minimum wage from $7.25 to $15 per hour by 2025. The proposal was included in the American Rescue Plan Act, but it did not pass.
  2. Fight for a $15 Minimum Wage Act: In 2021, Senator Bernie Sanders (I-VT) and Representative Pramila Jayapal (D-WA) introduced the Fight for a $15 Minimum Wage Act, which would gradually increase the federal minimum wage to $15 per hour by 2025.
  3. Raise the Wage Act: In 2021, Senator Patty Murray (D-WA) and Representative Bobby Scott (D-VA) introduced the Raise the Wage Act, which would increase the federal minimum wage to $15 per hour by 2024.
  4. State and Local Minimum Wage Increases: Many states and localities have also proposed or implemented minimum wage increases. For example:
    • California: Proposed increasing the state minimum wage to $15 per hour by 2023.
    • New York: Proposed increasing the state minimum wage to $15 per hour by 2021.
    • Seattle: Increased the city minimum wage to $16 per hour in 2020.
    • San Francisco: Increased the city minimum wage to $16.32 per hour in 2020.
  5. Tipped Minimum Wage Proposal: In 2020, Senator Kirsten Gillibrand (D-NY) and Representative Rosa DeLauro (D-CT) introduced the Tipped Minimum Wage Proposal, which would increase the tipped minimum wage to 150% of the regular minimum wage (currently $5.12 per hour) and phase out the tipped minimum wage over time.
  6. Automatic Minimum Wage Adjustments: Some proposals have suggested implementing automatic minimum wage adjustments to keep pace with inflation or economic growth. For example, the Federal Reserve has proposed an automatic wage indexation system to adjust the minimum wage for inflation.

These are just a few examples of the many minimum wage proposals that have been introduced or discussed in recent years. The debate around minimum wage policy continues to evolve, with different proposals and approaches being considered at the federal, state, and local levels.