Minimum Wage California 2024 Yearly Wage. California's minimum wage rate as of f, 2024 is $16.00 per hour. As of january 1, 2024, employees in california must earn an annual salary of no less than $66,560 to meet this threshold requirement.
Fast food restaurant employers, effective april 1, 2024, and healthcare facility employers, effective june 1, 2024, will have a higher minimum wage. By this measure, california’s minimum wage is at the same level typically observed right after past minimum wage increases in the u.s.
There Is A List Of City And County Minimum Wages In California Maintained By Uc Berkeley.
What is the minimum wage in california?
By Liliana Michelena And Adam Ashton May 28, 2024 Updated May 29, 2024.
The minimum base wage for exempt employees is $66,560/year, or $1,280/week.
The Minimum Wage Rate Will Be Adjusted Based On The Annual Increase In The Consumer Price Index.
Images References :
Starting January 1, 2024, All Employers In The Golden State, Regardless Of Their Size, Must Pay Their Employees A Minimum Of $16 Per Hour, An Increase From The Previous Mandated Rate Of $15.50 Per Hour.
As shown in figure 7, in 2022 and 2023, roughly 10 percent of workers made no more than $16 per hour—the current statewide minimum wage.
Getting By In An Expensive State.
If a business has more than 26 employees, the minimum wage still remains $16.00 per hour.
