Ca Minimum Wage 2024 Yearly Cost. Starting in 2024, california will have the second highest statewide minimum wage behind washington, which is more than double the stagnant $7.25 an hour federal. Following an increase in the territorial minimum wage in april 2023, yukon has the highest minimum wage in canada at $16.77 per hour.

As of january 1, 2024, employees in california must earn an annual salary of no less than $66,560 to meet this threshold requirement. Proposition 32 would raise the minimum wage to $17 for the remainder of 2024, and $18 an hour starting in january 2025 — a bump from the current $16.