California’s new minimum wage goes into effect in just over a month. But some retailers are already offering a higher starting pay.
The national average wage for cashiers is $13.81 or $28,730 annually, according to 2022 data from the Bureau of Labor Statistics.
In California, the hourly average wage for cashiers was $16.81. The state has the most people working as cashiers at 390,590.
The current minimum wage in California is $15.50. That will increase to $16 on Jan. 1,according to the state’s Department of Industrial Relations. Some counties and cities have higher requirements. The minimum wage for fast food workers will rise to $20 an hour in 2024.
Some companies also pay more than the state requires. Costco, for example, raised its minimum wage to $17 an hour in 2021, CNN and Business Insider reported.
If you work a 40-hour week, the $15.50 minimum comes out to roughly $31,200. That’s lower than what MIT Living Wage Calculator estimates an individual would need to meet basic needs, such as child care, housing and food. A living wage for one adult without children in California would be $21.24.
Here’s how much some of the state’s largest retailers pay their employees:
Target: In 2022, Target increased its starting wage range. It’s now $15 to $24. A cashier role in Modesto starts at $16.50 an hour.
Walmart: The average hourly pay for frontline associates at Walmart is more than $17.50, the company posted on its site. A Walmart cashier could...
moneycontrol.com’s Post moneycontrol.com 1,301,152 followers 19m #World | Iran slams Trump’s ‘false claims’, warns Hormuz will not stay open Read More: https://lnkd.in/dJpX-iu9 Like Comme...