SB 120-06: Raise the Wage Act - Passed

[GM Team Member and Deputy PPT WB]

I feel like this might be something better done by having some CoL index (maybe per county or state?) that would have the minimum wage tied to that, with a floor of 15$ an hour which is increased with inflation.

The issue is of course, what would go into that index. But the point stands that the best minimum wage in Mobile isn't the same as San Francisco, which won't be the same as Billings. And we run a risk of going *over* the amount that would be best for the cost of living in some places, causing prices, inflation, and cost of living to rise with it. It's probably best to have some nuance here. But I'm willing to hear the Senator's arguments against my own.

[GM Team Member and Deputy PPT WB]

Raise the Wage Act

SENATE BILL

To gradually increase the federal minimum wage

Be it enacted,

Section I: The Minimum Wage

1. 29 U.S.C shall be amended as follows:

(1) except as otherwise provided in this section, not less than $15.00 $19.50 $18.00 an hour;

2. F.L. 29-18 Rewarding Hard Work Act shall be amended as follows:

a) Starting from January 1, 2022 2025, the federal minimum wage shall increase by $2 $1.50 at the start of each year until it reaches $15 $19.50$18.00. Beginning January 1, 2027, the federal minimum wage shall increase by the same percentage as inflation, on a quarter-yearly basis.

Section II: Implementation

1. This act takes effect immediately.

Amendment. I think 19.50 is a bit excessive outside of the west coast and Acela corridor, but I do live in a low CoL area so I could be wrong. Let me know if I implemented the inflation part incorrectly.

[GM Team Member and Deputy PPT WB]

Do we have an alternatively defined inflation metric in Fantasyland currently? If not, are we using CPI, CPI-e, PCE, or what?

Considering the GM team has made stories including inflation numbers, I don't think it'd be crazy to ask us to do that 4 times a year. Could even make it a year-by-year thing if that ends up being too much.

[GM Team Member and Deputy PPT WB]

aye