Minimum wage increases

Section 6(a)(1) of the Fair Labor Standards Act of 1938 (29 U.S.C. 206(a)(1)) is amended to read as follows: (1) except as otherwise provided in this section— (A) for purposes of such an employer that is a large employer, not less than— (i) $12.00 per hour, beginning on the effective date under section 10 of the Living Wage For All Act; (ii) $15.00 per hour, beginning 1 year after such effective date; (iii) $18.00 per hour, beginning 2 years after such effective date; (iv) $20.00 per hour, beginning 3 years after such effective date; (v) $22.50 per hour, beginning 4 years after such effective date; (vi) $25.00 per hour, beginning 5 years after such effective date; and (vii) beginning on the date that is 6 years after such effective date, and annually thereafter, the greater of— (I) amount in effect under this subparagraph for the preceding year; or (II) the amount described in subsection (h); and (B) for purposes of an employer that is not a large employer, not less than— (i) $12.00 per hour, beginning on the effective date under section 10 of the Living Wage For All Act; (ii) $14.00 per hour, beginning 1 year after such effective date; (iii) $16.00 per hour, beginning 2 years after such effective date; (iv) $18.00 per hour, beginning 3 years after such effective date; (v) $20.00 per hour, beginning 4 years after such effective date; (vi) $20.60 per hour, beginning 5 years after such effective date; (vii) $21.20 per hour, beginning 6 years after such effective date; (viii) $21.80 per hour, beginning 7 years after such effective date; (ix) $22.40 per hour, beginning 8 years after such effective date; (x) $23.00 per hour, beginning 9 years after such effective date; (xi) $23.60 per hour, beginning 10 years after such effective date; (xii) $24.20 per hour, beginning 11 years after such effective date; (xiii) $25.00 per hour, beginning 12 years after such effective date; and (xiv) beginning on the date that is 13 years after such effective date, and annually thereafter, the greater of— (I) amount in effect under this subparagraph for the preceding year; or (II) the amount described in subsection (h)..