A new U.S. House bill introduced in late April pressures Home Depot and other major retailers. The legislation proposes raising the federal minimum wage from $7.25 per hour. The new target is $25 per hour.
This gradual increase represents the most substantial federal wage floor overhaul in over 15 years. The change specifically impacts companies with large hourly workforces.
Labor groups support the bill. Passage remains difficult in a divided Congress. Retailers monitor the legislation for potential effects on operating expenses.