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California Minimum Wage Will Go to $15.50 in 2023 . . . and Could Go Higher

The California minimum wage is set to increase to $15.50 per hour for all employers starting January 1, 2023, following a projection of inflation exceeding 7%. Additionally, a ballot initiative aims to raise the minimum wage to $18 per hour by 2028. Click here for article.

  • California's minimum wage is currently $15 an hour for large employers and $14 an hour for small employers.

  • The California Department of Finance projected inflation to be 7.6% higher for the 2022 fiscal year, triggering the increase to $15.50 per hour.

  • Governor Newsom announced the new minimum wage of $15.50 per hour for all employers, regardless of size.

  • A ballot initiative aims to raise California's minimum wage to $18 per hour by 2028, with incremental increases starting at $16 per hour in 2023.

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