.png)
Los Angeles gives preliminary approval to $15 minimum wage
The Los Angeles City Council voted on Tuesday to increase the minimum wage in the nation's second-largest city to $15 an hour by 2020 from the current $9, in a victory for labor and community groups that have pushed for similar pay hikes in several U.S. municipalities.
The council's 14-1 vote on the measure, which must come back before the panel for final approval, would require businesses with more than 25 employees to meet the $15 pay level by 2020, while smaller businesses would have an extra year to comply.
Officials said the plan, which comes on the heels of similar minimum wage hikes in other major cities including Seattle and San Francisco, would increase pay of an estimated 800,000 workers in the city.
"We are embarking upon, I think, the most progressive minimum wage policy anywhere in the country," City Councilman Curren Price Jr., one of the main backers of the proposal, said before the vote.
Read the full story: www.reuters.com
Join us - become an Elderado today at: LarryElder.com
Follow Larry Elder on Twitter
"Like" Larry Elder on Facebook
No comments:
Post a Comment
Comment Policy:
The author of this blog will attempt to engage in conversation via the comments section whenever possible and recognize the 24/7 nature of the internet. Moderating and posting of comments will occur during regular operational hours Monday through Friday. Comments submitted after hours or on weekends will be read and posted as early as possible, however admins and/or the author is unable to commit to replying to every comment posted.
This is a moderated blog. That means all comments will be reviewed before posting. In addition, it is expected that participants will treat each other, as well as the author and admin, with respect. Comments that contain vulgar or abusive language; personal attacks of any kind will not be posted. Comments that are spam or that promote services or products will not be posted. It is requested that all comments remain on topic.
The Elder Statement blog does not guarantee or warrant that any information posted by individuals on this blog is correct, and disclaims any liability for any loss or damage resulting from reliance on any such information. The Elder Statement blog may not be able to verify, does not warrant or guarantee, and assumes no liability for anything posted on this website by any other person. The Elder Statement blog does not endorse, support or otherwise promote any private or commercial entity or the information, products or services contained on those Web sites that may be reached through links on our Web site.
To protect individual privacy and the privacy of others, please do not include phone numbers, addresses or email details in the body of a comment. Such information will result in removal of a comment.
Thank you for your attention.
The Elder Statement