The U.S. celebrated on Tuesday the 75th anniversary of the Minimum Wage Act, which was signed by former president Franklin Roosevelt in 1938 and established a minimum wage standard.

“Seventy-five years later, Ohioans who work hard should be able to take care of their families by earning a living wage,” Sen. Sherrod Brown (D-Ohio) said. “But too many Ohioans are working harder than ever – and barely getting by. Working full-time in a minimum wage job in Ohio pays about $16,000 per year – which isn’t much to live on when you’re trying to put food on the table, fill your gas tanks, send your children to school, and provide a safe place for them to live. Ensuring a fair wage is good for middle class families and good for our economy.”

Brown is the co-sponsor of the Fair Minimum Wage Act, which would increase the federal minimum wage to $10.10 an hour from the current rate of $7.25, in three increments of 95 cents. The law also provides for automatic annual increases based on the cost of living.

Additionally, the legislation would raise the minimum wage for tipped workers from $2.13 per hour to 70 percent of the regular minimum wage—the first time in 20 years the minimum wage for tipped workers would increase.