inflation with red arrow going up 1308 111650

 

This January, California’s minimum wage will rise to $15.50. That represents an increase of 50 cents-an-hour for businesses with 26 or more employees, and $1.50 an hour for those with 25 or fewer. It’s the first time that the minimum wage is the same for all employers in the state regardless of size. The hike is a provision of legislation signed by then-Gov. Jerry Brown in 2016 which ties increases beyond $15 an hour to inflation. California Gov. Gavin Newsom announced in May that this latest increase was based on inflation exceeding 7%.

 

 

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