April 1, 2016
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.