California Minimum Wage: What Small Businesses Need To Know
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NOVEMBER 7, 2023
This Senate Bill (SB) planned for the hourly rate to reach $15 in 2023, with inflation adjustments up to a maximum of 3.5%. Based on the 2016 SB 3 , and inflation adjustments, California’s minimum wage is $15.50 Starting in 2023, all businesses are expected to pay the same minimum wage despite their size (with some exceptions).
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