Two weeks ago, the US House of Representatives passed the Raise the Wage Act, which would make a $15 minimum wage a requirement for all employees by 2025. In a last minute attempt to move centrists over to their side, Democrats added one additional year to the implementation deadline making it six years, rather than five, for employers to fully integrate the new law. The Raise the Wage Act still has to make it past the Republican-led Senate and the President’s desk in order to take effect.
