AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,821 Increased By 18.3 (0.23%)
BR30 25,577 Decreased By -238.5 (-0.92%)
KSE100 74,664 Increased By 132.8 (0.18%)
KSE30 24,072 Increased By 117.1 (0.49%)

The city of Los Angeles voted Tuesday to increase minimum wage from $9 to $15 an hour in a move that is expected to boost quality of life for hundreds of thousands of its residents. Officials will begin increasing minimum wage gradually beginning July 2016, with the wage reaching $15 by 2020, under the measure adopted 14-1 by the City Council.
The $15 wage goes into effect in 2020 for businesses that employ 26 or more people and in 2021 for those employing fewer. Several exceptions apply, including for employees under the age of 18 and those working for non-profit groups. The wage hike will be "giving a raise to 700,000 people who are living at the bottom who earn the lowest possible salary," said Councilman Paul Krekorian.
The vote came after eight months of intense debate and three studies carried out as to the move's possible economic impact. Mitchell Englander, the Republican councilman who voted against the measure, said that he feared a higher minimum wage would have unintended consequences such as job loss, reductions in hours worked and would make it impossible for entire sectors to carry out business in Los Angeles. Mayor Eric Garcetti welcomed the measure as a means of helping "the one million Angelenos who live in poverty."
Several US West Coast cities, including Seattle and San Francisco, voted last year to increase hourly wages to $15 over the course of several years. Washington and New York are also studying similar wage increases. A movement to raise fast food workers's wages began two and a half years ago in New York before spreading to other cities. In New York, the minimum wage is $8.75 per hour and will increase to $9 next year.

Copyright Agence France-Presse, 2015

Comments

Comments are closed.