Add my name to the group of economists that supports raising California’s minimum wage. A state as diverse as California cannot have a minimum wage this high without significant drops in employment, as I will outline below. Raising the hourly minimum wage to $15 could cost California 400,000 jobs according to a study by two leading economists. Despite huge growth in California’s restaurant industry, some businesses—largely in the full-service category of restaurants—have been hit hard. However, California is moving full speed ahead to become the first state in the nation to have a statewide minimum wage of $15 an hour. The bill is likely … For the first time, economists at the University of California, Berkeley have measured the likely pay and job impacts of California's scheduled statewide $15 minimum wage increase by 2023. California minimum wage: Historic increase to $15 an hour passes Legislature. ** Hayward and San Carlos will impose new minimum wages as of January 1, 2021 *** San Diego’s minimum wage has been surpassed by the state minimum wage The employment rate in California fell rapidly during the Great This indicator is a companion to the unemployment rate as it counts workers w ho stopped looking for work . Of course, part of the basic intention of the rise in the minimum wage to $15 an hour in California is that it should be painful. Minimum Wage. California is in the process of ratcheting up its minimum wage from $10 an hour to $15 by 2022, and the hikes are making it tough for small businesses to stay afloat. Under the plan announced by Brown, California’s minimum wage, currently $10 an hour, would rise to $10.50 on January 1, 2017. The fifth-largest economy in the world , California has long been at the forefront of minimum wage changes. Ronald Bailey | 4.8.2016 1:30 PM Just over half of those jobs will be in two industries: retail trade and accommodation and food service, according to Miami University of Ohio economic professor William Even and David Macpherson from Trinity University of Texas. The $15 target… After the state minimum wage reaches $15 an hour for all employees, the rate will be adjusted annually for inflation based on the national consumer price index for urban wage earners and clerical workers (CPI-W). Brown signed into law a $15 an hour minimum wage in California. Increasing the minimum wage to $15 would increase earnings for 5.26 million workers, or 38.0 percent of California’s workforce. California has become the first state to raise its minimum wage to $15 an hour. The law states that whichever is the higher applies to employers in that state. Fremont, California: As of July 2020, the minimum wage is $15 for large businesses (those with 26 or … A $15 minimum wage would help to re-establish the U.S. middle class. Following this trend, the minimum wage deal in California would have the raise jump to $10.50 an hour in 2017, to $11 an hour in 2018, and one dollar per year to take it to $15 by 2022, according to a report by The Los Angeles Times. The United States House of Representatives voted Thursday to raise the federal minimum wage to $15 per hour, higher than any current state minimum wage and more than double the current federal minimum wage of $7.25 per hour. California is set to become the first state in America with a $15 minimum wage. California minimum wage: Assembly committee approves historic wage hike to $15 an hour. Now 6.5 million workers are getting raises because of the work that we have ALL been doing. When 2022 arrives, the California minimum wage will have increased to $15 an hour. California is one of the states that has a minimum wage rule and ensures that their employers pay it. citywide minimum wage law covering all minimum wage workers, followed by San Francisco in 2014 and Los Angeles in 2015. A deal to raise California’s minimum wage to $15 an hour by 2022 was reached Monday by Gov. Among those getting raises, annual pay would increase 25.4 percent, or about $3,900 (in 2015 dollars) on average. Cities and states across the country are pushing to get their wages up. March 30, 2016 - San Jose Mercury News In 2016, California passed legislation to raise the minimum wage to $15 an hour, and the law is being phased in with incremental increases. March 30, 2016 - Reuters . The … Current Minimum Wage in California. In 2021, this will be set at $15.24. The Effects of a $15 Minimum Wage by 2023 in California 11 Figure 4 depicts trends in the employment rate - - the share of the working age population that is employed. The federal minimum wage is $7.25 per hour and the California state minimum wage is $13.00 per hour. 9. Two years ago, the state enacted legislation that will push minimum wage to $15 statewide in 2023, regardless of how many employees a company has. On April 4, 2016, Governor Jerry Brown signed Senate Bill 3, mandating an increase in the minimum wage in California to a maximum of $15.00 per hour by January 1, 2022.By most accounts, the battle for a $15.00 minimum wage should have been over, yet the debate continues across the state. More than 30 cities nationwide have implemented citywide minimum wage laws varying from $13- $15/hr., of which 15 are in California. Under the law, California’s minimum wage is currently scheduled to gradually increase until it hits the $15 per hour mark on January 1st, 2023. The proposal would hike California's minimum wage from the current $10 to $11 on Jan. 1, 2017. 5.6 million California workers deserve a raise! 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