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  1. Economy and Politics
  2. Economy

California Set to Adopt a $15 Minimum Wage in 2022

Published: Mar 28, 2016 2 min read
LA County Homecare Workers March For Better Wages
More than a thousand L.A. County homecare workers march downtown to call for a hike in the minimum wage to $15 per hour on Tuesday, April 14, 2015 in Los Angeles
Luis Sinco—LA Times via Getty Images

Governor Jerry Brown announced today that state lawmakers have come to an agreement to raise minimum wage to $15 per hour by 2022.

The law, which presumably will pass thanks to the agreement, would be a huge win for the growing voices such as Fight for 15 calling for a minimum wage hike, as California has the largest state economy in the nation.

Just days ago, campaigners for secured a $15 minimum wage on a referendum for this November. According to Buzzfeed News, it stands a good chance for passing with 68% in support and would give 1 in 3 workers a massive raise.

Making the change more manageable for small business owners, the updated minimum wage would come into effect a year later in 2023 for business with fewer than 25 employees.

If it passes, a $15 minimum wage in California would more than double the Federal minimum of $7.25, although there's a good chance that it would rise before 2022.