Increasing the minimum wage based upon increases in the consumer price index

HB 3407 would require West Virginia's minimum wage to automatically increase each September based on the previous year's consumer price index (CPI) data from the U.S. Department of Labor. This amendment changes existing law (§21-5C-2) by replacing fixed annual increases with a formula tied to inflation, ensuring the wage keeps pace with rising costs. The adjustment applies to all employers subject to the state's minimum wage, including state agencies, and must never fall below the federal minimum wage rate. The bill does not set new current wage rates but establishes a mechanism for future annual increases based on CPI.