Raise the Wage Act 2021 would more than double the federal minimum wage, which is currently at $7.25 and hasn't been changed since 2009.
Raise the Wage Act of 2021 would more than double the federal minimum wage, which is currently at $7.25 to $15 in five steps over the next four years. The Act would increase the minimum wage to $9.50 an hour in 2021; by 2022, it would increase to $11an. Following this, the minimum wage would rise to $12.50 per hour in 2023, $14 in 2024, and eventually $15 in 2025. By the start of 2026, the federal minimum wage would be indexed to median wage growth. The federal minimum wage, established in 1938, had not been raised since 2009, the longest time the country has gone without a minimum-wage increase.
Previously, in 2019, the measure was passed in the lower house but faced a blockade in the Senate. Senator Mitch McConnell, then majority leader, refused to take it up, with only three Republicans voted in favor six Democrats opposed it.
President Joe Biden had called for a $15 hourly minimum wage during his campaign and even introduced it as a part of his $1.9 trillion pandemic relief bill called ‘The American Rescue Plan.’