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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.
Consider minimum wage workers living in the Golden State: They make $16 per hour, which is the third-highest minimum wage in the country (second place goes to Washington at $16.28 and first place ...
A 2018 University of Washington study which investigated the effects of Seattle's minimum wage increases (from $9.50 to $11 in 2015 and then to $13 in 2016) found that while the second wage increase caused hourly wages to grow by 3%, it also caused employers to cut employee hours by 6%, yielding an average decrease of $74 earned per month per ...
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.
Social security COLA rates are expected to rise even more in 2024 after the latest August CPI data was released. Learn what that means and how it could affect you. Social Security COLA increase ...
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.
New York's minimum wage will increase to $16 in New York City, Long Island and Westchester County in January, following a series of increases across the state since 2016.. The minimum wage will ...