Increases in earnings for workers who are projected, under current law, to be paid less than $11.50 per hour.d. The minimum wage would rise (in two steps, starting in 2015) to $9.00 by July 1, 2016, and would not be subsequently indexed to inflation. income tax credit (EITC).fter 2016, the minimum wage under the $10.10 option would increase slightly in the 2013 dollars shown in this figure because it would be indexed to the consumer price index, which would grow faster than the price index for personal consumption expenditures, CBO projects.