Yes, the CBO report considers three options: > The first option would raise the federal minimum wage to $15 per hour as of January 1, 2025. That increase would

Yes, the CBO report considers three options: > The first option would raise the federal minimum wage to $15 per hour as of January 1, 2025. That increase would be implemented in six annual increments starting on January 1, 2020. After reaching $15 in 2025, the minimum wage would be indexed, or tied, to median hourly wages. The $15 option would also gradually eliminate exceptions to the minimum wage for tipped workers, teenage workers, and disabled workers. > The second option would raise the federal minimum wage to $12 per hour as of January 1, 2025. The $12 option would be implemented on the same timeline as the $15 option but would not index the minimum wage to wage growth after 2025. It would leave in place current exceptions. > The third option would raise the federal minimum wage to $10 per hour as of January 1, 2025. The $10 option would be implemented on the same timeline as the $15 and $12 options. Like the $12 option, it would not index the minimum wage to wage growth and would leave in place current exceptions. https://www.cbo.gov/publication/55410 https://www.cbo.gov/publication/55410