Los Angeles business leaders confirmed Tuesday that Mayor Eric Garcetti is circulating a plan to hike the city's minimum wage to $13.50 an hour over three years, followed in years after by hikes keyed to inflation.
Garcetti and members of his administration over the past two weeks have outlined the basics of the proposal, according to officials at two high-profile business groups. The minimum wage, currently set at $9 an hour, would rise by $1.50 a year for three years, said Gary Toebben, executive director of the Los Angeles Area Chamber of Commerce.
In 2017, a proposed new hourly minimum of $13.50 would continue to rise at a rate tied to the Consumer Price Index for the metropolitan Los Angeles area, Toebben said. The chamber executive said he was told that the goal is to eventually get the minimum wage to $15 an hour, an idea gaining momentum in the state and elsewhere.Read the Full Article