A new bill is making waves since it was introduced on April 28 of this year because it seeks dramatically increase the federal minimum for the first time since 2009. The new bill is named the Living Wage for All act and it would require employers to pay a minimum wage of $25 per hour. The fact that some legislators are even considering a bill that would raise federal minimum wage so drastically from $7.25 an hour to $25 an hour may be of interest to some employers. If the federal minimum wage is increased, employers will have a bigger burden to shoulder- especially in those areas where the current federal minimum wage is in fact the prevailing wage.
Read MoreBeginning on January 1, 2023, minimum wage is set to increase to $15.50 per hour for all California employers- regardless of size. Small businesses will now be paying employees $1.50 more per hour, which is approximately a 10% raise.
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