California announces minimum wage increase as governor taunts Trump
Key Points:
- California Governor Gavin Newsom announced that the state's minimum wage will increase to $17.40 starting January 1, making it the highest minimum wage in the US.
- The current minimum wage in California is $16.90, and this raise is aimed at helping working families cope with high living costs.
- Newsom criticized the federal government for not raising the federal minimum wage, which has remained at $7.25 since the George W. Bush administration.
- Thirty states and Washington DC have minimum wages above the federal level, with Washington state set to reach $17.13 by 2027 and New York City currently at $17.
- Despite the increase, MIT research indicates that a living wage for a family of four in California is $36.38 per hour per adult, highlighting ongoing affordability challenges.