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1972 – Over 45 years of service to the commercial industrial retail real estate industry – 2018.

MINIMUM WAGE HIKE TO $15 QUALIFIES FOR BALLOT

March 25, 2016

This week the proposal to raise California’s minimum wage to $15 an hour by 2021 qualified for the November 2016 statewide ballot.

According to Reuters, the measure would boost the state’s minimum wage to $11 an hour in 2017, and increase it by a dollar an hour every year until reaching $15 an hour in 2021. After 2021, the minimum wage would be adjusted annually based on the rate of inflation.

The California Chamber of Commerce said earlier this month that it would oppose any state-wide ballot initiatives for a $15 minimum wage, arguing that it would create new costs for state and local governments as well as businesses.

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