Tag: CPI

News
August 27, 2024
Starting January 1, 2025, California’s minimum wage will rise from $16.00 to $16.50 per hour, affecting all employers regardless of size. This increase is part of an annual adjustment based on the Consumer Price Index (CPI), which saw a 3.18% increase over the past year. Along with the hourly wage increase, the minimum salary for full-time exempt employees will also rise, moving from $66,560 to $68,640 per year.