Minimum Wage Increase Bill
Official: Labor Income Fairness and Transparency Act
IntroducedMay 29, 2025
Why This Matters
This bill aims to increase the federal minimum wage over the next few years and adjust it based on wage growth. It also removes special lower wage rates for young workers and students, ensuring fair pay for all.
If you earn minimum wage, your pay could increase significantly over the next few years.
Affects: Workers earning minimum wage, including young workers and students.
What changes is this bill making?
1. This bill raises the federal minimum wage to $10.25 an hour initially. 2. The minimum wage would increase to $13.75 an hour after one year. 3. After two years, the minimum wage would rise to $17.00 an hour. 4. The bill eliminates lower minimum wages for young workers and students. 5. Future minimum wage adjustments would be based on the median hourly wage.
Who is affected?
Workers earning minimum wage, including young workers and students.