California minimum wage increases to $15.50/hour on January 1, 2024

Largest single-year increase in California minimum wage history

Applies to all employers, regardless of size or industry  

Exemptions: tipped employees, small businesses with fewer than 25 employees, and certain youth employees. 

Businesses may need to adjust operations, including raising prices or increasing product 

Businesses may need to adjust operations, including raising prices or increasing product 

Other states are following suit, with Massachusetts, New York, and Connecticut also implementing minimum wage increases