Gavin Newsom says new pay floor of $17.40, set to become highest of any US state, will go into effect on 1 January California governor Gavin Newsom announced that the state’s minimum wage will rise to $17.40 next year, a ay floor set to become the highest of any US state. The pay bump will go into effect starting 1 January, Newsom announced on Friday. The state’s current minimum rate is $16.90.…
California Governor Gavin Newsom has announced a significant increase in the state's minimum wage, set to rise to $17.40 by January 1, 2026, making it the highest minimum wage in the United States. The new pay floor is expected to provide relief to working families grappling with high living costs. Newsom, in a news release, praised the move as a measure to support working families while simultaneously mocking the Trump administration. The current minimum wage in California is $16.90.
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FIFA president Gianni Infantino came under increasing fire from continental governing bodies on Saturday despite scrapping a widely-derided plan to allow private investment in the World Cup.
"The bottom line is that an important part of the Fed’s credibility is not just to say that it has certain goals but also to explain how it will achieve those goals."
