JUST IN: Soaring inflation will trigger an automatic increase in California's minimum wage next year, Gov. Gavin Newsom's administration said.
Official inflation figures won't be final until this summer. But the Newsom administration believes the growth will be more than enough to trigger the automatic increase.consumer prices jumped 8.3% last month from a year ago and diluted the purchasing power of the U.S. consumer
California has about 3 million minimum wage workers, according to a conservative estimate from the state Department of Finance. The increase in the minimum wage will be about $3 billion, or less than 0.1% of the $3.3 trillion in personal income Californians are projected to earn. The news comes as the Newsom administration proposed sending $1,000 checks to workers in hospitals and nursing homes in recognition of their dangerous work during the pandemic. About 600,000 workers would be eligible for the money, which would go to anyone who works inside a hospital or a nursing home — including doctors, nurses and other support staff.
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