California minimum wage will rise to $15.50 in 2023
CBSN
California's minimum wage will jump to $15.50 per hour next year, an increase triggered by soaring inflation that will benefit about 3 million workers in the state.
The increase is required by a state law passed in 2016. But it comes at a good time for Democrats in the nation's most populous state as they rush to find ways to boost taxpayers' bank accounts in an election year marked by rising prices that have diluted the purchasing power of consumers.
In a preview of his upcoming budget proposal, Gov. Gavin Newsom doubled down on his plan to send up to $800 checks to car owners to offset this year's record-high gas prices despite opposition from Democrats in the Legislature. And he revealed a new proposal to send checks for at least $1,000 to 600,000 hospital and nursing home workers in recognition of their dangerous work throughout the pandemic.
