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Wage increases lead to small price increases The study found that after the law went into effect prices saw a one-time increase of 3.7%, or about 15 cents for a $4 item.
California is raising the minimum wage for fast food restaurant employees to $20 per hour starting April 1, 2024. This is $4 more than the state's overall minimum wage.
California’s new minimum wage for fast food workers is almost $5 higher than the state’s minimum wage of $15.50, reported Moneywise, and nearly $13 higher than the federal minimum wage of $7.25.
California's minimum wage for large employers stands at $15 an hour. A new inflation estimate released Thursday will boost all wages for low-income workers at all businesses to $15.50 an hour on ...
The law creates a Fast Food Council that has the power to increase that wage each year through 2029 by 3.5% or the change in averages for the U.S. Consumer Price Index for urban wage earners and ...
In California, the state minimum wage as of January 1, 2024 was $16 per hour. [6] [note 1] As of July 2024, California had the highest minimum wage of any state and was the highest in the country except for some part of New York (which also have a $16/hour minimum wage) and the District of Columbia (which has a minimum wage of $17.50/hour). [9]
The federal minimum wage applies in states with no state minimum wage or a minimum wage lower than the federal rate (column titled "No state MW or state MW is lower than $7.25."). Some of the state rates below are higher than the rate on the main table above. That is because the main table does not use the rate for cities or regions.
California worker advocates are calling for a statewide minimum wage of $20 after the food and healthcare sectors saw salary bumps. California worker advocates are calling for a statewide minimum ...