H.R. 8555, Minimum Wage Increase with Indexing. Quorum's AI analysis reads it as a net benefit — and names who gains.
H.R. 8555 · Net good
What it does
This bill raises the federal minimum wage to $25 per hour by 2031 for large corporations (those with $1B+ revenue or 500+ employees) and by 2038 for smaller employers, then automatically adjusts it annually to equal two-thirds of the national median wage. It also eliminates the separate lower minimum wage for tipped workers and workers with disabilities, phases out subminimum wages for incarcerated workers, and requires employers to inform workers they can keep all tips.
The analysis names low-wage workers (direct wage increase) — and 4 more groups — among the beneficiaries.
The trade-off
Elimination of the subminimum wage for workers with disabilities (Section 9) may reduce hiring of disabled workers if employers perceive compliance costs as prohibitive; the bill provides transition assistance but does not mandate hiring protections.
Transparency scores 85%, with a medium warning level and no provisions unrelated to the bill's subject.
Who is behind it
Filed by Delia Ramirez. Cosponsored by Adelita Grijalva, Adriano Espaillat, Analilia Mejia and Bennie Thompson.