Sec. 12209. GAO Report on Wage Increase Impact
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Not later than 90 days before the date of the third wage increase to first take effect after the date of enactment of this Act, the Comptroller General, in consultation with the persons described in subsection (b), shall prepare and submit to Congress a report, that— identifies and analyzes the effects, in the aggregate, of the first wage increases and second wage increases after such date of enactment on business enterprises (including small business enterprises) including the effects, with respect to such enterprises, on— the wages and compensation of employees; the number of employees, disaggregated by full-time and part-time employees; the prices, sales, and revenues; employee turnover and retention; hiring and training costs; and productivity and absenteeism; to the extent practicable, identifies such effects in isolation from other factors that may affect business enterprises (including small business enterprises), including— broader economic conditions; changes in Federal, State, and local law, policy, and regulation; industry consolidation; natural disasters; and significant demographic changes; to the extent practicable, identifies and analyzes such effects for the Nation as a whole, and, separately, for— each census division, as designated by the Bureau of the Census; each metropolitan statistical area and nonmetropolitan portion (as such terms are defined by the Office of Management and Budget with respect to 2013); and each urbanized area, urbanized cluster, and rural area, as designated by the Bureau of the Census; and describes the methodology used to generate the information in the report.
The persons described in this subsection are— labor economists with expertise in minimum wage and low wage labor markets; workers (including agricultural workers), and the labor organizations and worker groups representing such workers; representatives of businesses, including small businesses, agricultural employers, and businesses in the accommodation and food services sector; State and local governments; and the Board of Governors of the Federal Reserve System. Not later than 60 days after the date on which Congress receives the report under subsection (a), Congress shall— assess the findings of such report; and make recommendations with respect to actions of Congress to address the findings of such report, including actions to delay the next scheduled wage increases.
The term wage increase means an increase in wages that takes effect under subsection (a)(1) or (g)(1) of section 6, section 3(m)(2)(A)(i), or section 14(c)(1)(A) of the Fair Labor Standards Act of 1938 ( 29 U.S.C. 201 et seq.), as amended by this subtitle.
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Sec. 12209
GAO Report on Wage Increase Impact
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