The wages hikes are the result of legislation, inflation adjustments and ballot measures. Twenty states still use the federal minimum wage of $7.25.
In California, nearly 17 percent of the state’s workforce will be affected by a legislative increase of $1 to minimum wage earnings, bringing the state minimum wage to $13 effective January 1st. In all, nearly 3 million workers in the state can expect an annual increase of $4.3 billion. The average worker will bring home approximately $1,500 more per year.
Wage increases across the country ranged from $0.14-an-hour (Minnesota’s inflation adjustment) to the $1.50 higher minimum wage ceiling in New Mexico, thanks to legislative action.
The schedule for California minimum wage phase-in requirements per 2016’s SB3 that workers can expect an increase of $1 additional every year through 2023. For workers with 25 employers or fewer, that means $12/hr as of Jan. 1, 2020, $13/hr as of Jan. 1, 2021, $14/hr as of Jan. 1, 2022 and $15/hr as of Jan. 1, 2023. For workers employed by a company with 26 or more employees, it’s $1 higher than that for each year respectively, meaning next year the minimum wage for those workers will be $13/hourly, capping at $15/year in 2022. Continue reading