The Fair Minimum Wage Act (H.R. 1010)
It has been four years since minimum wage workers saw an increase in their paycheck. Passed by a Democratic Congress in 2007, this increase gave as many as 13 million workers a much needed pay raise after a decade stuck at $5.15 per hour. Despite this, the real value of the minimum wage today buys less than it did in 1956. In addition, workers who rely on tips haven’t seen an increase in their wages since 1991. The required pay for tipped workers, excluding tips, has been stuck at a paltry $2.13 per hour for 21 years. And, the federal minimum wage doesn’t automatically rise with inflation.
It’s time to raise the minimum wage.
The Fair Minimum Wage Act (H.R. 1010) will increase the minimum wage in three steps, from $7.25 to $10.10 per hour. The rate will then be indexed to inflation each year thereafter. In addition, the legislation will increase the required cash wage for tipped workers in annual 85 cent increases, from today’s $2.13 per hour until the tip credit reaches 70 percent of the regular minimum wage.
Fact on the Minimum Wage (pdf)
Text of the Bill (pdf)
Release announcing the legislation: "Joined By Business Leaders and Workers, Sen. Harkin, Rep. Miller Unveil Bill to Raise Minimum Wage to $10.10"
Research: Raising the Minimum Wage Helps the Economy and Families
- "Tipped Over the Edge; Gender Inequality in the Restaurant Industry” (pdf)
- “Minimum Wage Effects Across State Borders: Estimates Using Contiguous Counties” (pdf)
- “States with Minimum Wages above the Federal Level have had Faster Small Business and Retail Job Growth” (pdf)
- "From the Bottom Up" -- New York Times Editorial calling to raise the minimum to at least $10 per hour
- "40% of Americans Now Make Less Than 1968 Minimum Wage"
- "$9 Minimum Wage Is Not Enough to Help Working Families, Writes Sen. Harkin"
- Center for Economic and Policy Research: "Why Does the Minimum Wage Have No Discernible Effect on Employment?"
- Center for Economic and Policy Research: "Slow Progress for Fast-Food Workers"
The Fair Minimum Wage Act of 2012: