Bill 119 HR 122 aims to amend the Fair Labor Standards Act to change how the minimum wage is calculated. Instead of using a set dollar amount, the bill proposes that the minimum wage should be based on the Federal supplemental poverty threshold for a family of four renters with two children under the age of 18, as determined by the Bureau of the Census. This means that the minimum wage would be adjusted based on the cost of living for this specific type of family.
The bill also includes provisions for other purposes, which could potentially address additional issues related to labor standards. This change in how the minimum wage is calculated could have significant implications for workers and businesses across the country, as it would tie the minimum wage to the specific needs of a family in poverty.
Overall, Bill 119 HR 122 seeks to address income inequality and ensure that the minimum wage reflects the true cost of living for families in need. It will be interesting to see how this proposed change is received and whether it will ultimately be passed into law.