Los Angeles Becomes Latest U.S. City to Approve a $15 Minimum Wage
Los Angeles has become the latest U.S. city to approve an increase to its minimum wage. The Los Angeles City Council voted 14-1 Tuesday in favor of raising the minimum wage from $9 to $15 by 2020.
Other cities to make similar wage increases include Seattle, Chicago and San Francisco.
LA's minimum-wage increase is expected to affect as many as 800,000 workers, the Los Angeles Times reported. The move will require a final approval next month by LA mayor Eric Garcetti. If given the green light, the the first wage increase to $10.50 per hour could take effect by July 2016.
“That’s a monumental change in wages,” Jerry Newman, a professor at the State University of New York at Buffalo School of Management, told the Los Angeles Times. “It’s going to have both an economic impact and a social impact.”
Other U.S. cities -- including New York City and Washington, D.C. -- also are considering proposals for minimum-wage increases to $15 per hour.
Jason Fell is director of native content for Entrepreneur, managing the Entrepreneur Partner Studio, which creates dynamic and compelling content for our partners. He previously served as Entrepreneur.com's managing editor and as the technology editor prior to that.