July 5, 2017 Comments Off on How will Latest Minimum Wage Increase Impact California Economy? Views: 1077 California News, Top California

How will Latest Minimum Wage Increase Impact California Economy?

The minimum wage increased in cities across SoCal on July 1st, with more than half a million workers in Los Angeles eligible to receive a raise. Los Angeles climbed from $10.50 to $12 an hour for large businesses. Santa Monica, Pasadena and unincorporated parts of Los Angeles County also increased to $12.

It was L.A.’s fourth increase in three years, and wages are scheduled to climb to $15 for all employees by 2021. California’s rate will increase 50 cents on Jan. 1, 2018 to $11 an hour, and then is scheduled to rise one dollar each year until it gets to $15 an hour in 2022.

The industry sectors in L.A. with the most workers in line for pay bumps include hotels and restaurants (88,522 workers), retail and trade (84,128), health (59,628), nondurable manufacturing (48,348) and other services (46,463). The real estate sector has 10,421 workers eligible for increases.

Read more at LA Times

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