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California minimum wage to rise to $17.40 next year

Created at 1 Aug · 8:46 PM1 source↑ Market-relevant
IN SHORT

California Governor Gavin Newsom announced the state's minimum wage will increase to $17.40 per hour starting January 1, making it the highest in the U.S. Newsom criticized President Donald Trump's administration for blocking federal wage increases.

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Key Numbers

$17.40California minimum wage starting Jan 1
$16.90California current minimum wage
$7.25Federal minimum wage
$12California minimum wage in 2019
$17.13Washington state minimum wage by 2027
$17New York City minimum wage

Who's Involved

Gavin Newsom
California Governor who announced minimum wage increase
Donald Trump
Former President criticized for blocking federal minimum wage hikes

↳ Why This Matters

The increase in California's minimum wage sets a new benchmark for labor costs in the U.S. and highlights the ongoing political debate over wage policy and its impact on working families and the broader economy.

Key facts

  • California's minimum wage will increase to $17.40 per hour starting January 1.
  • This rate will be the highest state minimum wage in the U.S.
  • Governor Gavin Newsom announced the increase, highlighting support for working families.
  • Newsom criticized Donald Trump's administration for opposing federal minimum wage increases.
  • The federal minimum wage has remained at $7.25 since 2009.
  • California Governor Gavin Newsom announced that the state's minimum wage will increase to $17.40 per hour, effective January 1, making it the highest state minimum wage in the U.S. Newsom stated the move aims to support working families amidst high living costs.

    In his announcement, Newsom criticized President Donald Trump and Republicans for blocking federal minimum wage increases while providing tax breaks to corporations. He contrasted California's approach, which he stated rewards work and grows the economy, with the federal minimum wage of $7.25, which has not been raised since 2009.

    Since Newsom took office in 2019, California's minimum wage has risen from $12. Other states are also increasing their minimum wages, with Washington set to reach $17.13 by 2027. New York City and its surrounding counties currently have a minimum wage of $17.

    Despite the increase, researchers estimate that two working adults with two children in California would each need to earn $36.38 per hour to cover basic necessities. Cost-of-living concerns are a significant factor in the upcoming midterm elections, with high gas prices also contributing to economic pressures.

    Frequently asked questions

    The new minimum wage in California will be $17.40 per hour, effective January 1.

    The federal minimum wage was last increased during the presidency of George W. Bush, rising to $7.25 per hour.

    At $17.40 per hour, California's minimum wage will be the highest of any U.S. state.

    What Happens Next

    01California's minimum wage will officially rise to $17.40 on January 1.
    02Washington state's minimum wage is scheduled to reach $17.13 by 2027.

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    Cadence

    How It Developed

    California's minimum wage will increase to $17.40 per hour on January 1.
    Governor Gavin Newsom announced the increase, citing high living costs.
    Newsom criticized Donald Trump and Republicans for blocking federal minimum wage hikes.
    The federal minimum wage has not been increased since George W. Bush's presidency.
    California's minimum wage has risen from $12 since Newsom took office in 2019.
    The state of Washington plans a minimum wage of $17.13 by 2027.
    New York City and nearby counties have a minimum wage of $17.

    Sources

    T1
    California announces minimum wage increase as governor taunts TrumpThe Guardian

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