AN ACT RELATING TO LABOR AND LABOR RELATIONS -- MINIMUM WAGES

This bill establishes a new minimum wage of $24.00 per hour for all employers in the state, effective January 1, 2027. It directly affects all employers and employees by setting a mandatory hourly pay floor that must be met or exceeded. The legislation amends existing minimum wage laws to replace the current $16.00 hourly rate with the higher standard. Employers will need to adjust payroll systems and wage policies to comply with this new requirement once it takes effect.