Living Wage For All Act

(h) Determination based on the national median hourly wage

(1) Target standard. The minimum wage shall be equal to two-thirds of the national median hourly wage of all employees, as determined by the Bureau of Labor Statistics.

(2) Phase-in alignment. During the phase-in period described in subsection (a)(1), as applicable to the employer—

(A) if the scheduled minimum wage for a calendar year under subsection (a)(1)(A) or (a)(1)(B) would exceed two-thirds of the national median hourly wage for that year, the minimum wage shall be set at two-thirds of the national median hourly wage for that year; and

(B) if, at the conclusion of the applicable phase-in schedule, the minimum wage has not yet reached two-thirds of the national median hourly wage, the minimum wage shall continue to increase annually by the lesser of—

(i) $1.00; or

(ii) the amount necessary to reach two-thirds of the national median hourly wage.

(3) Indexing after attainment. Once the minimum wage equals two-thirds of the national median hourly wage, it shall thereafter be automatically adjusted each year to maintain that ratio.

(4) Data and projections. In carrying out this subsection, the Secretary shall rely on—

(A) actual median wage data published by the Bureau of Labor Statistics; and

(B) where necessary during the phase-in period, including for purposes of estimating two-thirds of the national median hourly wage during the phase-in period, economic projections from the Congressional Budget Office or successor agencies.

(5) Publication. Each annual determination under this subsection shall be published not later than 90 days before its effective date.