Posted by Best Insurance,Car Insurance,Life Insurance,Health Insurance on Saturday, 13 June 2015
Los Angeles Mayor Eric Garcetti, with members of the City Council and community leaders in attendance, signed into law an ordinance that will slowly increase the minimum wage to $15 an hour by 2020 at Martin Luther King Jr. Park in Los Angeles, on Saturday, June 13, 2015. It makes the Los Angeles the largest city in the U.S. to gradually raise the minimum wage to $15 per hour.
With the law, Los Angeles minimum wage will increase gradually:
July 2016 - from $9 to $10.50
Then yearly increase of $12 (2017), $13.25 (2018), $14.25 (2019)and $15 (2020).
Small businesses and nonprofits organization will have an extra year to phase in the increases.