Inflation triggers California minimum wage increase in 2023
SACRAMENTO, Calif. (AP) — California’s minimum wage will rise to $15.50 an hour next year, Gov. Gavin Newsom’s administration announced Thursday, an increase triggered by soaring inflation that will benefit about 3 million workers.
The increase is mandated by a state law passed in 2016. But it comes at a good time for Democrats in the nation’s most populous state as they race to find ways to boost bank accounts taxpayers during an election year marked by rising prices that have been diluted. the purchasing power of consumers.