Federal minimum wage would rise to $17 an hour over six years

What does this do?

HR 2743 would raise the federal minimum wage from $7.25 per hour to $17.00 per hour over six years, starting at $9.50 and increasing by roughly $1.50 each year. After reaching $17.00, the wage would adjust automatically each year based on changes in median wages nationwide. The bill also phases out lower wage rules for tipped workers, workers under 20, and workers with disabilities.

Who does it affect?

Tens of millions of workers currently earning at or near the federal minimum wage would be directly affected, including restaurant and service industry workers, young workers, and workers with disabilities. Employers in those industries, particularly small businesses, would face higher labor costs.

Why does it matter?

The automatic annual adjustment after $17.00 is reached is designed so the minimum wage does not fall behind over time. States and cities with minimum wages already above $17.00 would see no change, as the bill sets only a national wage floor.

Where does it stand?