California Minimum Wage: What Small Businesses Need To Know
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NOVEMBER 7, 2023
In 2016, California approved a statute to increase the minimum wage yearly starting in 2017. This Senate Bill (SB) planned for the hourly rate to reach $15 in 2023, with inflation adjustments up to a maximum of 3.5%. You might need to plan for periodic price increases and notify your customers about your decision.
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