California's minimum wage will jump to $15.50 per hour next year, Gov. Gavin Newsom's administration announced Thursday, an increase triggered by soaring inflation that will benefit about 3 million workers.
The increase is required by a state law passed in 2016. But it comes at a good time for Democrats in the nation's most populous state as they rush to find ways to boost taxpayers' bank accounts in an election year marked by rising prices that have diluted the purchasing power of consumers.
