California raise minimum wage

California is Raising the State’s Minimum Wage January 1, 2023

At present, state minimum wage in California is $15 per hour for companies with 26 or more employees and $14 per hour for companies with 25 or fewer employees.

On May 12, 2022, Governor Newsom announced that because inflation is projected to increase by 7.6% for the 2022 fiscal year, California’s minimum wage will increase to $15.50 per hour for all employees, regardless of employer size effective January 1, 2023.

With the minimum wage increasing to $15.50 in 2023, employers should be aware that it will affect the following employees:Read more