Federal Living Wage For All Act aims to raise the federal minimum wage to two-thirds of the national median wage, requiring large corporations to.

The Federal Living Wage For All Act seeks to establish a federal minimum wage that aligns with the national median wage, ensuring it reaches two-thirds of the national median hourly wage as soon as economically possible. The Act mandates that large, highly profitable corporations, defined as those with annual gross revenues of $1 billion or more or employing 500 or more employees nationwide, lead the transition to higher wage standards. It phases in the minimum wage increase for large employers starting at $12 per hour in 2026, reaching $25 per hour by 2038.

Federal Living Wage For All Act aims to raise the federal minimum wage to two-thirds of the national median wage, requiring large corporations to.

The Federal Living Wage For All Act seeks to establish a federal minimum wage that aligns with the national median wage, ensuring it reaches two-thirds of the national median hourly wage as soon as economically possible. The Act mandates that large, highly profitable corporations, defined as those with annual gross revenues of $1 billion or more or employing 500 or more employees nationwide, lead the transition to higher wage standards. It phases in the minimum wage increase for large employers starting at $12 per hour in 2026, reaching $25 per hour by 2038.