Los Angeles gives preliminary approval to $15 minimum wage

Reuters News
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Posted: May 19, 2015 4:15 PM

LOS ANGELES (Reuters) - The Los Angeles City Council voted on Tuesday to raise the hourly minimum wage to $15 an hour by 2020 for companies with at least 25 employees, with smaller businesses having until 2021 to meet the benchmark.

The council voted 14-1 to give preliminary approval to the measure, which must come back for a final vote.

(Reporting by Alex Dobuzinskis; Editing by Cynthia Johnston)