With inflation at high levels, a movement for an $18 minimum wage is growing in California. “Just months after a federal $15 minimum wage failed to take shape, Californians may get the chance to vote on even higher minimum hourly pay,” reports CNBC.
A measure to raise the state’s minimum wage to $18 began to collect signatures in February. If the campaign, called the Living Wage Act of 2022, gets 700,000 signatures, it will be on California’s November ballot.
‘The purchasing power of the minimum wage declines over time,’ said Joe Sanberg, an entrepreneur, and sponsor of the legislation. ‘That means that we have to keep fighting for an increased minimum wage to make sure that working people can afford life’s basic needs.’
If signed into law, the measure would gradually raise the minimum wage in California to $18 from $15 by 2025. That means that it would increase to $16 in 2023 and $17 in 2024. This would apply only to businesses with more than 25 employees – those with fewer than 25 employees would reach $17 an hour in 2025.