California minimum wage

Minimum Wage Hikes Leave Businesses Feeling the Pinch

by Scott Rodd, Sacramento Business Journal

California’s minimum wage is set to increase annually over the next three years, and businesses large and small are feeling the pinch.

On Jan. 1, the minimum wage rose from $11 to $12 for companies with more than 25 employees, and from $10.50 to $11 for companies with 25 or fewer employees. The state minimum wage will increase to $15 in 2022 for companies with more than 25 employees and in 2023 for companies with 25 or fewer employees. That increase is up from $10 an hour — or $10.50 for companies with more than 25 employees — in 2017.
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