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.”