To amend the Fair Labor Standards Act of 1938 (29 U.S.C> 206(a)(1) to reflect the actual costs of living in various regions of the country and to bring the minimum to a fair wage that can support federal workers and contractors and their families.

Amends the Fair Labor Standards Act of 1938 to revise minimum wage provisions to require: (1) payment of an hourly wage (or salary equivalent) sufficient to enable a full-time worker to cover housing, food, childcare, transportation, and healthcare expenses for a family of four based on regional or municipal cost-of-living standards; (2) an additional amount to enable such worker to obtain any fringe benefits not provided by the worker's employer; (3) annual cost-of-living adjustments to such wage levels; and (4) wage increases for federal and contract workers proportionately equal to congressional pay raises. Makes these requirements applicable to wages paid in the Northern Mariana Islands.