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California Comes Close to Adopting $15 Minimum Wage

California moved one step closer to implementing a $15 minimum wage in a deal reached over the weekend, but the move could mean trouble for the apparel industry there.

If the deal moves ahead as planned, meaning the wage rate goes from the current $10 per hour to $10.50 next year and then up incrementally to $15 by 2022, it would make California the first state to adopt a minimum wage that high—ahead of even New York, which has a higher cost of living than the Golden State. New York is, however, in talks to impose a $15 statewide minimum wage by 2021 and earlier for New York City, the beginning of 2019.

Read more at Sourcing Journal.

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