# Minimum wage increase
Minimum Wage Set to Jump to $15.50 Next Year for California Residents
Employee wages have been the topic of many news cycles over the years as workers face higher gas prices, increased interest rates, and costly food prices. The average job provides a salary that remains more than 300 times less than the salary of the company's CEO and that gap is increasing.
Chicago's Minimum Wage To Increase In July
The City of Chicago is increasing its minimum wage to $15.40, and a new fair workweek advance notice for schedule changes will be in effect in July. According to a press release, Mayor Lightfoot and the Chicago Department of Business Affairs and Consumer Protection (BACP) revealed the new minimum wage increase and workweek ordinance requirements. The city's minimum wage increases every July, following the Minimum wage ordinance.