Prepare yourself for a major pump fake, rejoice: both California and New York have raised the minimum wage to $15. Unfortunately, it won’t matter until 2022.
According to USA Today:
California Gov. Jerry Brown’s legislation makes his state the first to commit to raising the minimum wage to $15 by the end of 2022. Under a deal reached with state lawmakers last week, the state minimum wage will rise to $10.50 on Jan. 1 for businesses with 26 or more employees. Annual hikes will result in a minimum of $15 per hour in January 2022.
Smaller businesses would have until the end of 2022 to comply.
“This is about economic justice,” Brown said at a ceremony in Los Angeles USA Today reported. “This is an important day. It’s not the end of the struggle but it’s a very important step forward.”
New York is following suit and has determined employers with a minimum of 11 employees will increase work wages to $11 by the end of 2016, with a $2 annual increase for the next two years. Small businesses are mandated to pay $10.50 by the end of 2016 with an annual increase of $1.50 for three years.
“Proud to sign into law $15 statewide minimum wage and the strongest paid family leave policy in the nation,” Gov. Andrew Cuomo tweeted after signing the bill at a labor rally in New York City.
The federal minimum wage has remained stagnant at $7.25 due to unwavering opposition from some Republicans in Congress who prefer the decision be left to the labor market. Other opposing foes claim that higher labor costs will force some businesses to replace employees with technology, or close their doors all together.
On the other political end, the Democratic Party adopted the $15 minimum wage to its platform this election season – Sen. Bernie Sanders is championing for it while rival Hillary Clinton favors a minimum wage of $12 an hour.
Your vote matters.