California and the Minimum Wage Hike

California's legislative Democrats have reached an agreement to raise the minimum wage to $15, the highest in the U.S. The increase will be implemented gradually through 2022, rising to $10.50 on January 1, 2017, $11 in 2018, and then a dollar per year until it reaches $15. After that, it could increase annually by as much as 3.5% based on inflation. 

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Richard M. Todd