California – Calif. to Raise Minimum Wage to $15: Reports

SALT Report 3788 – California lawmakers and union leaders have reached a tentative deal to raise the state minimum wage to $15 an hour over the next several years, the Los Angeles Times reports.

Gov. Jerry Brown (D) is expected to make the formal announcement as early as Monday.

According to the L.A. Times, the minimum wage will jump from $10 to $10.50 an hour in 2017 and will increase by $1 every year after that until reaching $15 an hour in 2022.

Business with fewer than 25 employees will have an extra year to comply.

For further Information:

http://thehill.com/blogs/blog-briefing-room/news/274395-calif-to-raise-minimum-wage-to-15-report