The Fair Minimum Wage Act (H.R. 1010)
It has been seven 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.
*UPDATED: October 2014
Text of the Bill (pdf)
The New York Times:
Polls showing support for the minimum wage:
Business for a Fair Minimum Wage (July 2014): 61 percent of small business owners with employees strongly favor raising the national minimum wage from $7.25 to $10.10 and adjusting it to keep up with the cost of living in future years.
Small Business Majority (3/6/14): Small Businesses Support Increasing the Minimum Wage to $10.10
Wall Street Journal/ NBC (12/11/13): 63 percent of Americans support raising the minimum wage to $10.10 from the current $7.25 rate.
Quinnipiac Poll (12/10/13): American voters support 69 - 27 percent, including 49 - 44 percent among Republicans, raising the minimum wage. No group is opposed.
National Journal Poll (12/17/13): 71 percent of Americans support raising the minimum wage.
ABC News/Washington Post poll (12/18/13): 66 percent of Americans support raising the minimum wage.
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