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California poised to raise minimum wage to $10

New York -- In the final hours of its 2013 regular session, the legislature in California voted to approve a bill that would raise the minimum wage from $8 an hour to $10 an hour within three years. Gov. Jerry Brown has indicated he would sign the bill into law, saying "The minimum wage has not kept pace with rising costs. This legislation is overdue and will help families that are struggling in this harsh economy."

The bill would gradually raise California’s minimum wage from the current $8 an hour to $10 by 2016. While California's minimum wage is among the highest in the country, it hasn't been raised since 2008.

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