April 1, 2016 Comments Off on CA Passes $15 Minimum Wage, NY Not Far Behind Views: 368 California, California News, National News, New York, Northeast, West

CA Passes $15 Minimum Wage, NY Not Far Behind

By: Daniella Soloway

California Governor Jerry Brown will sign a bill on Monday to raise the state’s minimum wage to $15/hour by 2022. On the opposite coast, New York’s Governor Andrew Cuomo has tentatively reached a deal to follow suit.

Currently, California’s minimum wage ties the nation’s highest at $10/hour (same as Massachusetts). New York is not far behind at $9/hour; however, both surpass the Federal minimum wage of $7.25/hour.

More than two million Californians earn $10/hour, and UC Berkeley estimates the wage hike would benefit 5.6 million workers (16% in retail, 15% in restaurants) overall. In New York, the potential deal also offers tax cuts to middle-class earners, which are estimated to save $6.6 billion over the first four years for four million filers.

Read More at U.S. News

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