Los Angeles City Council approves minimum wage hike

Source: Reuters

The Los Angeles City Council on Wednesday gave final approval to an ordinance raising the minimum wage in America's second-largest city to $15 an hour by 2020 from the current $9.

The measure, which still must be signed into law by Mayor

Eric Garcetti, would require businesses with more than 25 employees to gradually increase wages to meet a $15 hourly pay level by 2020, while smaller businesses would have an extra year to comply with each step.

Garcetti, a Democrat, has said that he would sign the wage hike into law, seen as a victory for labor and community groups that have successfully pushed for similar pay hikes in other major U.S. cities, including Seattle and San Francisco.

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Read more: http://www.reuters.com/article/2015/06/10/us-usa-losangeles-minimumwage-idUSKBN0OQ2DS20150610