Minimum Wage California 2024 Yearly Increase. As of january 1, 2024, employees in california must earn an annual salary of no less than $66,560 to meet this threshold requirement. The state utilizes a formula that considers various economic indicators to determine the appropriate yearly increase.


Minimum Wage California 2024 Yearly Increase

Jerry brown signed a law that ratcheted up the pay floor from $10.50 in 2017. For exempt employees, the minimum wage is $66,560/year or $1,280/week.

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