The "Give America a Raise Act" aims to increase the federal minimum wage and ensure it keeps pace with inflation and economic growth, thereby guaranteeing that workers earn a living wage reflective of current economic conditions. The legislation outlines a series of scheduled increases to the federal minimum wage, starting at 0.00 per hour and rising to $20.00 over the next four years. Following this period, the minimum wage will be adjusted annually based on the greater of the Consumer Price Index or Gross Domestic Product.