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Stakeholders weigh in on impact of proposed minimum wage hike

Home healthcare workers join fast food workers and their supporter at a rally and march to demand an increase of the minimum wage to 15USD per hour, in Los Angeles on December 4, 2014. The nationwide protest is expected to reach 190 US cities.  AFP PHOTO / ROBYN BECK        (Photo credit should read ROBYN BECK/AFP/Getty Images)
ROBYN BECK/AFP/Getty Images
Home healthcare workers join fast food workers and their supporter at a rally and march to demand an increase of the minimum wage to 15USD per hour, in Los Angeles on December 4, 2014.

(AP) California legislators and labor unions have reached a tentative agreement that will take the state's minimum wage from $10 to $15 an hour.

(AP) California legislators and labor unions have reached a tentative agreement that will take the state's minimum wage from $10 to $15 an hour, a state senator said, a move that would make for the largest statewide minimum in the nation by far.

The Los Angeles Times, which first reported the deal, said the wage would rise to $10.50 in 2017, to $11 an hour in 2018, and one dollar per year to take it to $15 by 2022. Businesses with fewer than 25 employees would have an extra year to comply.

Read the full story here.

Guests:

Dave Regan, President of SEIU United Healthcare Workers West (SEIU-UHW), a union that represents more than 150,000 healthcare workers in California; vice president national Service Employees International Union (SEIU)

Jake Mangas, president/CEO of Redding Chamber of Commerce

Bill DuBois, member of the governmental affairs committee for theEl Centro Chamber of Commerce and a former president of the El Centro Chamber

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