Minimum Wage to Increase to $15 by 2020 in Los Angeles

Minimum Wage

On Wednesday, a majority vote by the Los Angeles City Council approved a city ordinance that will increase the minimum wage in the city to $15 by 2020, although the sudden jump will not happen overnight. The ordinance, which has now been sent to the mayor for the final stamp of approval, sets a five-year plan to steadily increase the rate.

City Council members stated the annual rise in minimum wage will begin in 2016, jumping from $9 per hour to $10.50. The second jump will be in 2017 with a rate of $12, increasing to $13.25 and $14.25 the following two years, leveling off in 2020 with $15 per hour for workers earning minimum wage.

L.A. City Council President Herb Wesson stated the members approved the ordinance to be passed to the mayor because similar plans regarding the rise in minimum wage have proved to be working in a select few municipalities all over the country, especially in SeaTac, Washington, where minimum wage is already $15. Moreover, to keep up with the buying power of money in the future, both small and large businesses will increase wages after 2022 based on the cost of living index.

By Alex Lemieux

Source:

CBS Los Angeles: LA City Council Adopts Minimum Wage Ordinance

Photo Courtesy of Roger’s Flickr Page – Creative Commons License

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