An act relating to increasing the minimum wage and studying increasing the wages of inmates and workers who are not subject to the minimum wage

This bill increases Vermont's minimum wage to $15.00 per hour by January 1, 2025, with annual adjustments thereafter based on inflation or a five percent increase, whichever is smaller. It also establishes a study committee to examine whether to eliminate certain exemptions from minimum wage coverage, including for tipped workers, and to investigate paying inmates at least the minimum wage. The committee will analyze impacts on jobs, prices, worker welfare, and correctional budgets, and must submit its findings and recommendations by November 15, 2023.