The state of California is blazing a path to a $15 per hour minimum wage by 2022, which will make it the highest minimum wage for any state in the United Sates. Lawmakers and labor unions struck a deal that will bring the measure to the state legislature and get it passed before the people would…
Just a little perspective. If you assume 3% inflation, California would have to raise the minimum wage to $12.29 by 2022 just to match the $10 per hour currently. The deferral really makes this a pretty small increase.