Raises Minimum Wage
initiative statute
Official Summary
Raises minimum wage as follows: For employers with 26 or more employees, to $17 immediately, $18 on January 1, 2025. For employers with 25 or fewer employees, to $17 on January 1, 2025, $18 on January 1, 2026.
Fiscal Impact: State and local government costs could increase or decrease by up to hundreds of millions of dollars annually. State and local revenues likely would decrease by no more than a few hundred million dollars annually.
support: $11,765,683 - none
oppose: $677,436 - CA Chamber of Commerce; CA Restaurant Association; CA Grocers Association
Notes
California’s minimum wage currently is $16 per hour