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The ordinance requires the wage to jump to $25 per hour on February 1, 2025, with steady increases to $30 per hour by July 1, 2028 — in time for the 2028 Summer Olympics hosted in Los Angeles.
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]
Top fast food restaurants McDonald's and Chipotle said some price increases will be coming in California as the state enacts a higher minimum wage for workers. In April 2024, fast food workers ...
For anyone working a minimum wage job in this new year, ... State minimum wage increases in 2024* Alaska: $11.73, up from $10.85. Arizona: $14.35, up from $13.85. California: $16, up from $15.50.
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.
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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 ]
Those living in Utah experienced an 18.74% increase in average wages. The average salary has risen from $51,430 to $61,070 — the highest salary in the top five. Duris attributed this to more ...