If the ballot measure passes, the minimum wage would be $16 per hour on January 1, 2023, increasing annually until it reaches $18 per hour. Proponents of the measure announced last week that they have enough signatures to put the measure on the ballot. Lastly, another minimum wage development that employers should keep an eye on is a possible November 2022 ballot measure that could further increase the state minimum wage. Currently, for employers with 25 or fewer employees, the exempt employee salary threshold is $58,240 per year ($4,853.33 per month), while the salary threshold for employers with 26 or more employees is $62,400 per year ($5,200 per month).īeginning January 1, 2023, under the projected minimum wage increase to $15.50, the new exempt salary threshold will be $64,480 per year ($5,373.33 per month) for all employers, regardless of size. The minimum wage increase will also increase the minimum salary for exempt employees in California. The California minimum wage applies to most employees, with. As such, California’s minimum wage for all employers, regardless of size, will likely rise to $15.50 per hour starting January 1. Workers receive a higher minimum wage in California that exceeds the Federal Minimum Wage of 7.25. The California Department of Finance projects inflation for the 2022 fiscal year (which ends June 30) will be 7.6%. Small businesses anticipated increasing their minimum wage to $15 per hour in 2023 however, when inflation exceeds 7%, a provision in the law triggers the accelerated increase. The current minimum wage is $15 per hour for employers with 26 or more employees and $14 per hour for employers with 25 or fewer employees. The ordinance provided a one-year delay for employers with 25 or fewer employees, so increases for those employers began July 1, 2017, and increased annually according to the same schedule until reaching $15.00 per hour in 2021.On May 12, Governor Gavin Newsom announced that California’s minimum wage is projected to increase to $15.50 per hour for all employers, regardless of size, on January 1, 2023. If you pay workers to do work in unincorporated Los Angeles County, here are some important details about the new minimum. County must be paid the increased minimum wage, with few exceptions. Employees in the unincorporated areas of L.A. The ordinance originally established a tiered schedule for increases to the minimum wage based on the size of the employer company.įor all employers with 26 or more employees, annual increases began in 2016, culminating in a $15.00 per hour wage in 2019. The minimum wage for workers in the unincorporated areas of Los Angeles County increases yearly each July 1. After December 31, 2018, and each year thereafter, the Virgin Islands Wage Board may increase the territory’s. Minimum Wage PosterĪ City of Malibu Minimum Wage Ordinance poster is available for download to all Malibu employers, and should be displayed in the same conspicuous and accessible place at all job sites where mandated federal and state labor postings are required to be displayed. The state minimum wage rates may be increased annually based upon changes in the cost of living index, which would in turn increase the minimum cash wage for tipped employees. In 2022, the City’s minimum wage increases to $15.96 on July 1, 2022, which includes a 6.4% cost of living adjustment. The new CPI-increased wage will become effective on July 1 of that year. 15 This means that the minimum salary for exempt employees in 2022 is either: 4,853.34 per month (or 58,240. The annual cost of living increase is based on the US Bureau of Labor Statistics CPI for Urban Wage Earners and Clerical Workers, not seasonally adjusted, in the Los Angeles-Long Beach-Anaheim statistical region for November 2021 (the most recently posted CPI on January 1). People that work for an employer with more than 25 employees are entitled to be paid a minimum wage of at least 15.00 per hour. Cost of Living Increase Minimum Wage Effective J= $15.96 per hourīeginning January 1, 2022, the minimum wage for all employers within the city limits will include an annual cost of living adjustment based on the Consumer Price Index (CPI), and will become effective on July 1 of that year. The ordinance established Malibu Municipal Code (MMC) Chapter 5.36 with the purpose of avoiding wage discrepancies between Malibu and neighboring jurisdictions, keeping Malibu competitive in the job market, helping to ensure that workers in Malibu are paid adequate living wages, and preventing workers from leaving Malibu for higher paying jobs, which also helps reduce traffic on local streets and Pacific Coast Hwy. The ordinance became effective on July 1, 2016. 404 establishing a Minimum Wage covering all employees working within the Malibu city limits, regardless of immigration or work status. At its Regular meeting on March 28, 2016, the City Council adopted Ordinance No.
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