Los Angeles Gets Final Approval For $15 Minimum Wage

LOS ANGELES (Reuters) -

The Los Angeles City Council on Wednesday gave final approval to an ordinance raising the minimum wage in America’s second-largest city to $15 an hour by 2020 from the current $9.

The measure still must be signed into law by Mayor Eric Garcett. It would require businesses with more than 25 employees to gradually increase wages to meet a $15 hourly level by 2020. Smaller businesses would have an extra year for each step.

Garcetti, a Democrat, has said that he would sign the wage hike into law, seen as a victory for labor and community groups that have successfully pushed for similar pay hikes in other major U.S. cities, including Seattle and San Francisco.