The House Education and Labor Committee approved a bill on March 6th that would increase the federal minimum wage to $15 an hour. HR 582, was approved along party lines and would increase the federal minimum wage by 2024. The legislation would eventually phase out lower wage levels for tipped workers and disabled workers.
Currently the federal minimum wage is $7.25 an hour, though close to 30 states have higher minimum wages none currently are at $15 an hour. Though this legislation will likely pass the House of Representatives, it will unlikely pass in the Senate. However, the concept of a phased-in approach to increasing the federal minimum wage may become part of budget negotiations between the House and Senate and a gradual increase spread over several years would not be outside the realm of possibility.
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