This legislation aims to amend the Fair Labor Standards Act of 1938 by implementing a substantial increase in the federal minimum wage. It outlines a clear schedule for this increase, starting with $15.00 per hour on January 1, 2027 , progressing to $17.50 per hour on January 1, 2028 , and ultimately reaching $20.00 per hour by January 1, 2029 . Following this initial phased increase, the bill mandates that beginning January 1, 2030, and annually thereafter, the minimum wage will be subject to automatic adjustments. These adjustments will be determined by the Secretary of Labor, based on the annual percentage increase in the median hourly wage of all employees , as calculated by the Bureau of Labor Statistics, ensuring the minimum wage keeps pace with broader wage growth.