Los Angeles Seeks To Raise Minimum Wage To $15

MarketWatch Pulse

The Los Angeles City Council voted Tuesday to raise the city's minimum wage to $15 an hour over the next five years, various news agencies reported. If signed by Mayor Eric Garcetti, L.A. would become the largest city to raise the minimum wage, which had been $9. The Los Angeles Times reported on its web site that the wage increase would take effect by 2020. The city council passed the measure by a vote of 14-1, and it is expected to affect 800,000 workers.

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