Minimum Wage California 2024 Yearly Cost. The department announced that california’s minimum wage will increase by 3.5% to $16.00 per hour for all employers as of january 1, 2024. 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 per hour for all.

The department announced that california’s minimum wage will increase by 3.5% to $16.00 per hour for all employers as of january 1, 2024. More than half a million california health care workers are expected to see a pay increase in january thanks to a law raising the minimum wage for their industry.