California expected to increase minimum wage to $15.50 per hour
CNN
California's minimum wage is expected to increase to $15.50 per hour next January because a state provision regarding inflation was triggered, Gov. Gavin Newsom's office said Thursday.
Newsom's office indicated in a release that the state's minimum wage law requires an accelerated increase when inflation goes beyond 7%. The Consumer Price Index, which measures a basket of goods and services, was up 8.3% in the 12 months ended in April, the Bureau of Labor Statistics reported Wednesday.
"The COVID-19 pandemic has resulted in persistent supply chain disruptions and labor market frictions have driven inflation to its highest rate in 40 years," the release said. "These conditions have further been exacerbated by Russia's war in Ukraine."
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The Trump administration is removing numerous career ambassadors from their posts abroad, marking the latest shake-up of the US State Department and diplomatic corps.
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