This legislation aims to amend the Fair Labor Standards Act of 1938 by increasing the federal minimum wage and enhancing wage-related provisions to ensure fair compensation for workers, eliminate subminimum wages for specific groups, and improve compliance with wage laws. The bill introduces a phased increase in the minimum wage, starting one year after enactment at 0.25 per hour, followed by 3.75 after another year, and 7.00 after two years. Subsequently, the minimum wage will be adjusted annually based on the median hourly wage of all employees.