California to Raise Min. Wage to $15?
California’s business-friendly Governor, Jerry Brown, announced a negotiated deal to finally raise California’s minimum wage to $15/hour, but only by 2023. By doing so now he can keep the issue off the ballot.
If approved, the statewide minimum wage would increase from $10 an hour to $10.50 on Jan. 1, 2017, with a 50-cent increase in 2018 and then $1 a year increases through 2022.
Businesses with less than 25 workers would get an extra year to comply and would not have to hit the $15 level till 2023.
The California Legislature could vote on the wage hike in early April by amending an existing bill on hold since 2015.
Santa Monica joined other cities earlier this year in raising its minimum wage to $15.37 per hour by 2017.
New Yorkers are also demanding an increase in the state’s minumum wage and Governor Cuomo has proposed a phased in approach to reaching $15/ hour by 2021.
In the U.S., wages have not kept pace with the cost of living and low wages have driven greater numbers of Americans into poverty and depressed the national economy.