U.S. Rep. Jim Cooper (TN-05) made the following statement following the passage of the Raise the Wage Act. The bill amends the Fair Labor Standards Act of 1938 to increase the federal minimum wage from its present rate of $7.25 per hour.
The current minimum wage rate has been in place for a decade and has not kept up with the rising cost of living in cities nationwide. Gradually increasing the minimum wage to $15 will change the quality of life for families and individuals across America. It is projected that the bill could increase pay for up to 33 million people and will help 1.3 million people escape poverty.