Congressional democrats this week filed legislation seeking to increase the federal minimum wage to $15 per hour by 2024. The proposal, known as The Raise the Wage Act of 2019, was filed in the House by Education and Labor Committee Chairman Representative Bobby Scott (D-VA) and co-sponsored by 181 other democratic members. The bill, which was also filed in the Senate by US Senator Bernie Sanders (I-VT) with 31 co-sponsors in the upper branch, would increase the federal hourly minimum to $15 by 2024 and link future adjustments to the inflation rate. In addition, as filed, the Raise the Wage Act of 2019 will phase out the tipped wage across the country by mandating that tipped workers receive the $15 minimum wage by 2027 as well as eliminate the sub-minimum wage for certain youth workers. National business interests, including the US Chamber of Commerce, have seemingly indicated willingness to compromise on increasing the current $7.25 federal minimum wage.