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In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
Starting in 2024, California will have the second highest statewide minimum wage behind Washington, which is more than double the stagnant $7.25 an hour federal limit.
History of the US federal minimum wage. Lower line is nominal dollars. Top line is inflation-adjusted. [1] [2] The Raise the Wage Act is a proposed United States law that would increase the federal minimum wage to US$17. [3] [4] Versions of the bill have been introduced in each United States Congress since 2017.
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
Generally, wages in California are higher than what you find in more affordable states. According to ZipRecruiter , the average salary in California is $62,007 a year, or $30 an hour.
Reuters reported that the board proposed "annual wage increases of between 4% and 7% through 2024" in addition to retroactive pay increases, one extra paid day off and five $1,000 annual bonuses. [13] By the end of August, three unions representing about 15,000 workers agreed to the recommendations made by the board. [14] [15]
However, the initiative will stay in force while interest groups representing mobile application-based service platforms appeal the ruling. [ 53 ] [ 54 ] On March 13, 2023, a three judge panel of the California Courts of Appeal (First Appellate District) reversed the lower district court's judgement of 2021, finding that of the three arguments ...
Wage growth (or real wage growth) is a rise of wage adjusted for inflations, often expressed in percentage. [1] In macroeconomics , wage growth is one of the main indications to measure economic growth for a long-term since it reflects the consumer's purchasing power in the economy as well as the level of living standards . [ 2 ]