California Minimum Wage Increase July 2024. Basic minimum rate (per hour): The director of california's department of finance published a letter on july 31 stating that the minimum wage needed to rise by 3.5% to account for an inflation.
1, 2024, employees of companies in california will receive a raise if they earn the minimum wage. On monday, july 31, the california department of finance director joe stephenshaw officially certified that beginning january 1, 2024, california’s minimum wage will increase from $15.50 per hour to $16.