As most readers have no doubt already heard, early last week I filed the text of an initiative that would raise California’s minimum wage to $12.00 per hour, a figure far higher than that of any state or city in America. The heavy resulting coverage in The New York Times and numerous other major media outlets demonstrates the timeliness and public resonance of the issue, which taken to a national level should boost the incomes of America’s lower-wage workers by well over $150 billion each year, a very sizeable amount.
Gov. Jerry Brown signed into law a bill that will raise California’s minimum wage to $10 an hour by 2016, a move celebrated by workers but criticized by many businesses.
The wage hike will go into effect in two phases: The current minimum of $8 an hour will be lifted to $9 on July 1, 2014, and then to $10 on Jan. 1, 2016.
By Mike DeBonis
District Mayor Vincent C. Gray vetoed legislation Thursday that would force the city’s largest retailers to pay a super-minimum wage to their workers, ending two months of uncertainty over the controversial bill’s fate and setting up a decisive override vote at the D.C. Council as early as Tuesday.
The debate over the bill, the Large Retailer Accountability Act, has polarized local leaders while garnering national attention and putting focus on the low wages many retail chains pay their workers.
By Marc Lifsher
SACRAMENTO — Gov. Jerry Brown says he supports a bill in the Legislature that would boost the California minimum wage next year and in 2016 by a total of $2 an hour.
WASHINGTON — The income gap between the richest 1 percent and the rest of America last year reached the widest point since the Roaring Twenties.
The top 1 percent of U.S. earners collected 19.3 percent of household income in 2012, their largest share since 1928. And the share held by the top 10 percent of earners last year reached a record 48.2 percent.
U.S. income inequality has been growing for almost three decades. But it grew again last year, according to an analysis of IRS figures dating to 1913 by economists at the University of California, Berkeley, the Paris School of Economics and Oxford University.