Living Wage For All Act
A bill to place Federal minimum wage on a durable path toward a living wage aligned with the national median wage, to require large, highly profitable corporations to lead the transition, to end all subminimum wages, and for other purposes.
This bill aims to increase the federal minimum wage steadily until it reaches a living wage, which is in line with the national median wage. It targets large, highly profitable corporations to spearhead this change and seeks to eliminate all subminimum wages. This means workers across the country could see higher pay, especially those in large companies with significant profits.
The bill would primarily affect large corporations and workers who earn subminimum wages. By increasing the minimum wage and eliminating subminimum wages, it could lead to higher incomes for millions of workers, improving their living standards and reducing income inequality.
SB4981 was introduced on July 14, 2026, and has been referred to the Committee on Health, Education, Labor, and Pensions for further review. The committee will assess the bill's potential impacts and decide whether to advance it for more debate and voting in the Senate.
