Creates new provisions relating to employee compensation, reinstating certain minimum wage adjustments, implementing earned paid sick leave, and bereavement leave

HB 3419 establishes a new minimum wage schedule that adjusts annually based on cost-of-living changes, starting at $6.50 per hour in 2007 and rising to $13.75 by January 1, 2025, then to $15.00 by 2026. It requires private employers to provide earned paid sick leave and bereavement leave, with specific eligibility rules for family members. Public employers (like government agencies) are exempt from the wage provisions after 2025 but must still follow other minimum wage rules. The bill directly affects most private-sector workers in the state, excluding certain categories like seasonal camp staff, small businesses under $500,000 annual revenue, and some government employees.