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Inflation is even making California’s minimum wage increase

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Inflation is even making California’s minimum wage increase


A state legislation handed in 2016 says that the minimal wage should rise to $15.50 if inflation will increase greater than seven % between 2021 and 2022.

SACRAMENTO, Calif. —  

California’s minimal wage will leap to $15.50 per hour subsequent 12 months, Gov. Gavin Newsom’s administration introduced Thursday, a rise triggered by hovering inflation that can profit about 3 million employees.

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 The rise is required by a state legislation handed in 2016. Nevertheless it comes at time for Democrats within the nation’s most populous state as they rush to search out methods to spice up taxpayers’ financial institution accounts in an election 12 months marked by rising costs which have diluted the buying energy of shoppers.

California lawmakers voted to extend the minimal wage to $15 per hour in 2016, however the improve was phased in over a number of years. Immediately, the minimal wage is $15 per hour for corporations with 25 or extra employees and $14 per hour for corporations with 25 or fewer workers.

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The legislation says the minimal wage should improve to $15.50 per hour for everybody if inflation elevated by greater than 7% between the 2021 and 2022 fiscal years. Thursday, the California Division of Finance mentioned they undertaking inflation for the 2022 fiscal 12 months — which ends June 30 — will probably be 7.6% increased than the 12 months earlier than, triggering the rise.

Official inflation figures will not be closing till this summer time. However the Newsom administration believes the expansion will probably be greater than sufficient to set off the automated improve.

California has about 3 million minimal wage employees, in response to a conservative estimate from the state Division of Finance. The rise within the minimal wage will probably be about $3 billion, or lower than 0.1% of the $3.3 trillion in private earnings Californians are projected to earn.

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AN ECONOMIST’S PERSPECTIVE

“A part of that inflation is coming in due to extraordinarily excessive demand, a part of that inflation is due to provide chain constraints, and a part of the inflation is as a result of we have now seen very excessive enter prices,” mentioned Sanjay Varshney, a professor of finance at Sacramento State College.

However whereas the wage improve may sound promising to many who’re struggling financially, Varshney says the rise could be problematic for companies.

“Many companies which might be giant which might be steady can perhaps take in that value, however in case you’re speaking about small-sized and midsized companies, they could not have the flexibility,” Varshney mentioned.

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WATCH MORE:   Will elevating California’s minimal wage to $15.50 by 2023 make a distinction?  



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Northern California driver dies after vehicle found in floodwaters, 1 other found dead

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Northern California driver dies after vehicle found in floodwaters, 1 other found dead


PIX Now morning edition 11-23-24

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PIX Now morning edition 11-23-24

09:29

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SONOMA COUNTY – A man died when he was found in a flooded vehicle after an atmospheric river dumped heavy rain in Northern California, authorities said.

In Sonoma County’s Guerneville, first responders responded to a report around 11:30 a.m. Saturday for a vehicle that was seen in floodwaters near Mays Canyon Road and Highway 116.

The caller believed that at least one person was inside the vehicle.

When crews arrived, they said the vehicle was recovered but a man was pronounced dead at the scene. He has not been identified.

The Russian River, which flows through Guerneville, reached the flood stage on Friday evening and exceeded what was forecasted.

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This area went into a flood warning around 2 p.m. Friday and was still in place as of Saturday afternoon.

Guerneville is about 75 miles north of San Francisco.

Around 8:45 a.m. Saturday in Santa Rosa, a man was found dead in Piner Creek just south of Guerneville Road, the police department said. His death is being investigated. 

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Laura Richardson completes a political comeback, winning tight race to represent South L.A. in the California Capitol

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Laura Richardson completes a political comeback, winning tight race to represent South L.A. in the California Capitol


Laura Richardson emerged the victor of the competitive, costly and feisty election to win a South Los Angeles seat in the state Senate — completing her political comeback more than 10 years after a tumultuous tenure in the House of Representatives.

Richardson narrowly won the race against Michelle Chambers, a community justice advocate who faced accusations of misconduct in prior public office. The Associated Press called the race Friday after weeks of ballot counting.

The contest between two Democrats with similar social policies but differing views on crime and business attracted huge spending by special interests.

Independent expenditure committees poured more than $7.6 million into the race, making it the most expensive election for state Legislature this year, according to California Target Book, a political database. Negative campaigning dominated the race as business interests and labor unions battled for their favored candidate.

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Richardson, a moderate Democrat, will join a Democratic supermajority in the Legislature. But Republicans are on track to flip three legislative seats this year, one in the Senate and two in the Assembly.

Richardson’s biggest supporters were businesses, including PACs funded by oil companies, and law enforcement associations that said they advocated for candidates who shared their beliefs on free enterprise and public safety. Meanwhile, Chambers’ biggest portion of support came from healthcare workers and teachers unions, who spent millions of dollars backing her.

Chambers wrote in a statement she was “proud of the campaign we ran,” thanking supporters who canvassed, phone-banked or cast votes for her “vision of better jobs, better wages and a California that works for everybody, not just the wealthy and well-connected.”

“This was the closest state senate race in the state, but unfortunately it appears that we will fall just short of victory,” she added. “Our people-powered efforts were not quite enough to overcome millions of dollars in outside spending on lies from the oil and tobacco industry and their allies.“

Richardson will succeed Sen. Steven Bradford (D-Gardena) in the 35th District, which encompasses the cities of Carson, Compton and stretches down to the harbor. Bradford, who had endorsed Chambers, said he believed both candidates were “qualified to do the job.”

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Bradford, who championed reparations legislation during his tenure, hoped the future senator would be “willing to meet with all factions of the community, because it’s a great diverse need in this district.”

“I’m also deeply sad to see how negative this campaign was, probably one of the most negative campaigns I’ve experienced in my 30-plus years of being involved with elections,” he said. “I just hope that we can come together after such a negative campaign, regardless of who the victor is, and understand that we have to work together.”

Richardson and Chambers took aim at each other’s past controversies. For Chambers, who had picked up the endorsement of various state and local elected officials, opposition groups seized on a criminal misdemeanor charge from 30 years ago. She was also accused of bullying and intimidation from her time as a Compton City Council member, allegations that she has repeatedly denied.

Richardson faced criticism over her tenure in Congress, where a House Ethics Committee investigation found her guilty in 2012 of compelling congressional staff to work on her campaign. The committee report also accused Richardson of obstructing the committee investigation “through the alteration or destruction of evidence” and “the deliberate failure to produce documents.”

Richardson admitted to wrongdoing, according to the report, and accepted a reprimand and $10,000 fine for the violations. She previously said that during her time in Congress, Republicans frequently targeted members of the Black Caucus. After she lost her reelection bid for a fourth term, Richardson said she worked at an employment firm to improve her managerial skills and has recognized previous mistakes.

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“It’s been said voters are very forgiving, and if you stand up and you accept responsibility and you improve in the work that you do — we need people who’ve been through things, who understand what it’s like to have had difficulties,” she previously told The Times. “And so that’s exactly what I did. I didn’t shy away from it.”



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72-hour rain totals across Northern California

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72-hour rain totals across Northern California


72-hour rain totals across Northern California – CBS Sacramento

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Here is a look at how much rain has accumulated across Northern California as of Friday night.

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