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California's minimum wage for large employers stands at $15 an hour. A new inflation estimate released Thursday will boost all wages for low-income workers at all businesses to $15.50 an hour on ...
A close second is California, which is raising its minimum to $16 from $15.50 on January 1. ... State minimum wage increases in 2024* Alaska: $11.73, ... changes take effect January 1.
Minimum wage increases in the past few years have helped Americans keep pace with annual inflation that reached a 40-year high of 9.1% in mid-2022 before gradually falling to 2.6% recently.
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]
California is raising the minimum wage for fast food restaurant employees to $20 per hour starting April 1, 2024. This is $4 more than the state's overall minimum wage.
Additionally, the study associated the minimum wage increase with an 8% reduction in employee turnover, and a significant reduction of new workers joining the workforce. [102] [103] A 2019 study in the Quarterly Journal of Economics on state changes in minimum wage levels between 1979 and 2016 had no impact on the overall number of low-wage ...
This year California dramatically raised its minimum wage for fast food workers from $16 to $20 an hour, the largest single minimum wage increase a state government has ever implemented.
SACRAMENTO, Calif. (AP) — California’s minimum wage will jump to $15.50 per hour next year, Gov. Gavin Newsom’s administration announced The post Inflation triggers California law to boost ...