EU Corporate Sustainability Reporting Directive: Recent Transposition in Italy
California voters recently rejected Proposition 32, a measure that would have limited political contributions from unions and corporations. Despite this, minimum wage increases are still on the horizon for the state.
The defeat of Proposition 32 means that there will be no changes to the current regulations regarding political contributions from unions and corporations in California. This decision has paved the way for minimum wage increases to move forward as planned.
California’s minimum wage is set to increase to $14 per hour on January 1, 2023, and then to $15 per hour on January 1, 2024. These increases are part of a gradual progression towards a $15 minimum wage, which was approved by Governor Gavin Newsom in 2019.
Although Proposition 32 did not pass, the focus now shifts towards ensuring that the minimum wage increases are implemented smoothly and that workers across the state can benefit from higher wages. Stay tuned for more updates on this developing story.
