California Set to Increase Minimum Wage to $10 an Hour

November 11, 2020 KANKENNEWS

California’s lawmakers approved a bill on Thursday to raise the state minimum wage to $10 an hour over three years.

Currently, the minimum wage in the state set four years ago is $8 an hour, 75 cents above the federal minimum wage. The bill would gradually increase the wage to $10 an hour by 2016. That would make the state’s minimum wage higher than the current highest state minimum wage of $9.19 an hour in Washington.

The increase will affect hundreds of thousands of people:

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Some lawmakers and other groups including the California Chamber of Commerce fought the wage increase, saying it would be a job-killer. However, a recent analysis by the Economic Policy Institute on raising the federal minimum wage to $10.10 an hour showed it would boost economic growth:

And, while the wage increase is a step in the right direction, if the federal minimum wage had kept pace with productivity growth, the rate would be $17.19 an hour according to an analysis by the Center for Economic Policy Research.

Further, $10 an hour is still well below a living wage for Californians.

According to MIT’s Living Wage Calculator, a single adult working full time in California would need to earn $11.20 an hour to make a living wage, while a single adult with two children would need to earn $26.33 an hour to make a living wage.

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