California just enacted a new law that bumps its minimum wage up to $8 in the coming years. Thatâ€™s a huge increase in a state where the effect will cover 1.4 million people currently working for minimum wage. The minimum wage will increase 75 cents in January, and another 50 cents the following year. California now joins Massachusetts as having the nationâ€™s highest minimum wage by 2008.
[Via: Yahoo! News]