Sec. 2. Minimum wage increases
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Section 6(a)(1) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206(a)(1) ) is amended to read as follows: except as otherwise provided in this section, not less than— $9.25 an hour, beginning on the effective date under section 7 of the Raise the Wage Act ; $10.10 an hour, beginning 1 year after such effective date; $11.00 an hour, beginning 2 years after such effective date; $12.00 an hour, beginning 3 years after such effective date; $13.00 an hour, beginning 4 years after such effective date; $13.50 an hour, beginning 5 years after such effective date; $14.25 an hour, beginning 6 years after such effective date; $15.00 an hour, beginning 7 years after such effective date; and beginning on the date that is 8 years after such effective date, and annually thereafter, the amount determined by the Secretary under subsection (h); .
Section 6 of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 206 ) is amended by adding at the end the following: Not later than each date that is 90 days before a new minimum wage determined under subsection (a)(1)(I) is to take effect, the Secretary shall determine the minimum wage to be in effect under this subsection for each period described in subsection (a)(1)(I). The wage determined under this subsection for a year shall be— not less than the amount in effect under subsection (a)(1) on the date of such determination; increased from such amount by the annual percentage increase, if any, in the median hourly wage of all employees as determined by the Bureau of Labor Statistics; and rounded to the nearest multiple of $0.05.
In calculating the annual percentage increase in the median hourly wage of all employees for purposes of paragraph (1)(B), the Secretary, through the Bureau of Labor Statistics, shall compile data on the hourly wages of all employees to determine such a median hourly wage and compare such median hourly wage for the most recent year for which data are available with the median hourly wage determined for the preceding year. .
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Sec. 2
Minimum wage increases
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