"No law, varying the compensation for the services of the Senators and Representatives, shall take effect, until an election of Representatives shall have intervened."
The final amendment mandates that all laws that increase the pay of legislators cannot go into effect until after an election. It was created to prevent legislators from taking advantage of their high positions by attempting to get themselves more money.
This man carting a wheelbarrow full of money gently makes fun of what the twenty-seventh amendment is prohibiting. Any laws legislators pass to increase their own paychecks will not take effect until after their term is done.
"Part-Time Congress Could Accomplish More with Less"
The above news article published by Yahoo News discusses the advantages if representatives from Congress worked part-time. In addition to tremendous operating cuts, this would allow the members to focus more on the issues that really matter as opposed to trivial matters. This applies to the 27th amendment because it would reduce congressional pay from full-time employees to part-time.