Today, Congressman John Conyers, Jr. (D-Mich.) became a co-sponsor of the "Fair Minimum Wage Act," a bill that would raise the minimum wage to $10.10 over the course of the next three years. In addition, this legislation raises the tipped minimum wage, and ties future annual increases to the minimum wage to the rate of inflation. Rep. Conyers released this statement following his co-sponsorship of the bill:
"Over the past four years, the federal minimum wage has stagnated and failed to keep up with the rising cost of living in the United States. Too many working families have struggled, in the face of rising income inequality, to make ends meet. No one who is working hard, taking responsibility for their lives, and playing by the rules should be forced to live in poverty or struggle to pay the bills. It is time for Congress to act and raise the federal minimum wage." said Conyers.
"The "Fair Minimum Wage Act' will increase the federal minimum wage to $10.10, over the course of three years, putting more money into the pockets of as many as 30 million Americans. This will boost the purchasing power of working families, both enhancing their economic security and strengthening the overall economy.
"In addition, this legislation will index the federal minimum wage to inflation, meaning minimum wage earners will no longer be held hostage by partisanship in Congress.
"Workers in Detroit, and across the nation, are the most productive and innovative in the world. Congress should recognize and respect the hard work of our people by passing the "Fair Minimum Wage Act' today."