Bill > S460

This bill, titled the Fair Minimum Wage Act of 2013, proposes to increase the federal minimum wage in stages. It amends the Fair Labor Standards Act of 1938, a law that establishes minimum wage and overtime pay requirements for most employees. Specifically, the bill would raise the minimum wage to $8.20 per hour upon enactment, then to $9.15 per hour one year later, and to $10.10 per hour two years after that. Following these initial increases, the minimum wage would be adjusted annually based on the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W), a measure of inflation that tracks the prices of goods and services typically purchased by urban wage earners and clerical workers, to ensure its value keeps pace with the cost of living. The bill also adjusts the minimum cash wage that employers must pay tipped employees, gradually increasing it until it reaches 70% of the general federal minimum wage. Finally, it mandates that the Secretary of Labor publish notices of these wage adjustments in the Federal Register and on the Department of Labor's website at least 60 days before they take effect.