Los Angeles Mayor Eric Garcetti announced Thursday that the city would raise its minimum wage from $15 to $16.04 as of July 1, marking the first time the city raised the amount since 2015.
“We fought to raise the minimum wage because hard work should always be met with the dignity, respect, and opportunity that fair pay brings,” Garcetti said. “Our decision to end poverty wages in LA caused a ripple effect across the nation, and this additional increase is the latest reason to celebrate today — and a reminder of how our fight for better wages is far from finished.”
There are roughly 600,000 Angelenos who earn minimum wage. The decision to raise it again is based on the Consumer Price Index for Urban Wage Earners and Clerical Workers in the area. Since 2015, the CPI in Los Angeles has increased by 18.5%, according to the Bureau of Labor Statistics.
COLORADO SET TO RAISE STATEWIDE MINIMUM WAGE TO $12.56, ADJUSTING FOR INFLATION
California ABC Reporter Christiane Cordero rose a red flag on Twitter.
“This is a $34,112 annual salary,” Cordero wrote shortly after the announcement. “I feel for biz owners whose margins make it tough to increase minimum wage without increasing prices, but man is this a vicious cycle.”
This is a $34,112 annual salary ?
The average 1br apartment in LA is $1600-$2k+/m depending on where you look. That’s >$19k+ on rent alone ?
I feel for biz owners whose margins make it tough to increase minimum wage without increasing prices, but man is this a vicious cycle https://t.co/lZ7oZfwZwL
— Christiane Cordero (@abc7christiane) February 3, 2022
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Currently, West Hollywood has the highest minimum wage nationwide at $17.64.
