Calif. Assembly Approves Minimum Wage Hike

Law360, San Diego (May 31, 2013, 9:20 PM EDT) -- The California Assembly on Thursday pushed through a measure that would hike up the hourly minimum wage across the state to $9.25 over a three-year period.

The Assembly voted 45-27 primarily along party lines to pass A.B. 10, which was introduced by state Assemblyman Luis Alejo, D-Watsonville. The bill proposes raising the minimum wage in California to $8.25 per hour by January, to $8.75 by January 2015 and to $9.25 by January 2016. Californian workers currently earn a minimum wage of $8 an hour.

The measure...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.