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Los Angeles Becomes Latest US City to Favor $15 Minimum Wage

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Supporters applaud during the minimum wage increase vote as the Los Angeles City Council votes to raise the minimum wage in the city to $15 an hour by 2020, making it the largest city in the nation to do so, in Los Angeles Tuesday, May 19, 2015. The measure approved Tuesday calls for small businesses with 25 or fewer employees to have an additional year to reach the $15 plateau. The council voted 14-1 after members of the public made impassioned statements for and against the plan. The increases begin with a wage of $10.50 in July 2016, followed by annual increases to $12, $13.25, $14.25 and then $15. Small businesses and nonprofits would be a year behind. (AP Photo/Damian Dovarganes)

Supporters applaud during the minimum wage increase vote as the Los Angeles City Council votes to raise the minimum wage in the city to $15 an hour by 2020, making it the largest city in the nation to do so, in Los Angeles Tuesday, May 19, 2015. (AP Photo/Damian Dovarganes)

ROBERT JABLON, Associated Press

LOS ANGELES (AP) — Los Angeles is the latest and biggest city to endorse a hike in the minimum wage, adding to a string of successes for unions and advocates for the poor who have made it a primary objective as American wages stagnate.

But even those who backed the City Council’s vote for a $15-an-hour wage by 2020 — more than double the current federal minimum requirement — admit it’s an experiment.

There is only patchy data on whether minimum wage bumps hurt or help city economies overall. Seattle and San Francisco only recently passed laws that gradually raise the wage to $15 an hour over several years, while Chicago passed one last year that plateaus at $13.

Still, Los Angeles politicians felt they had to do something to help the throngs of working poor in a city that has some of the highest housing costs in the nation and where nearly 1 in 4 people lives below the poverty line.

The lopsided vote Tuesday of 14-1 ordering drafting of a wage law and the support of Mayor Eric Garcetti virtually guarantee its eventual adoption.

“Today, help is on the way for the 1 million Angelenos who live in poverty,” Garcetti said after the vote.

New York City Mayor Bill de Blasio has said he also wants to boost his city’s lowest hourly pay to $15.

Calls for raising the minimum wage at the national, state and local levels have built as the nation struggles with fallout from the recession, worsening income inequality, persistent poverty and the challenges of immigration and the globe economy.

Average hourly wages in the nation rose just 3 cents in April to $24.87. Wages have risen only 2.2 percent over the past 12 months, roughly the same sluggish pace of the past six years, according to Labor Department figures.

The 9 million jobs lost during the recession have played a role in keeping wages down around the nation and even the recovery has had limited impact.

But the idea of granting people a “living wage” precedes the recession. Baltimore began requiring such a wage for employers with state contracts in 1994. More than 100 cities and counties went on to adopt such laws and in 2007, Maryland adopted the nation’s first statewide bill.

Nationwide, labor unions have been active in calling for increases and in organizing low-paid workers such as hotel cleaners, fast-food clerks and chain-store employees.

An ordinance passed last fall in Los Angeles raised the minimum wage to $15.37 an hour for workers at some hotels starting in July.

Nationwide events last month called on McDonald’s, Burger King, Wendy’s and similar companies to pay workers at least $15 an hour.

The Los Angeles ordinance would raise the minimum wage from $9 to $10.50 in July 2016, followed by annual increases until 2020. Nonprofits and businesses with 25 or fewer employees would have an additional year to reach the $15 plateau.

All of the wage hikes are geared toward helping the working poor, especially in cities such as Los Angeles where the price of survival can be daunting.

Councilman Paul Krekorian said his mother raised a family while waiting tables for minimum wage.

“It would be a whole lot harder to raise a family now doing what she did … because minimum wage has not kept up with the cost of living, with the cost of housing, with the cost of transportation or any of the other costs that we all have to bear,” Krekorian said.

In many states, the push to raise local minimum wages is opposed by state officials concerned that such measures could create a confusing patchwork of pay rates.

The lone dissenting vote in Los Angeles came from Councilman Mitchell Englander, who said he felt raising the minimum wage above that of other Southern California communities might lead businesses to cut working hours and jobs and make it impossible for entire industries to do business.

Some critics question whether raising the minimum wage will actually help the poorest employees.

Among other things, the higher wages may prompt employers to eliminate the least-skilled workers. Also, many minimum-wage workers aren’t poor — many are teenagers who eventually get better jobs — while “most poor families have no workers at all,” argued David Neumark, director of the, Center for Economics & Public Policy at University of California, Irvine, in a Los Angeles Times op-ed piece this month.

Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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Oakland Post: Week of April 1 – 7, 2026

The printed Weekly Edition of the Oakland Post: Week of April 1 – 7, 2026

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Oakland Post: Week of March 18 – 24, 2026

The printed Weekly Edition of the Oakland Post: Week of March 18 – 24, 2026

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Financial Wellness and Mental Health: Managing Money Stress in College 

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances. 

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Sponsored by JPMorganChase

As a college student, managing financial responsibilities can be stressful.

If you’ve found yourself staying up late thinking about your finances or just feeling anxious overall about your financial future, you’re not alone. In one survey, 78% of college students who reported financial stress had negative impacts on their mental health, and 59% considered dropping out. While finances can impact overall stress, taking steps to manage your finances can support your mental, emotional and physical well-being.

When it comes to money, the sources of stress may look different for each student, but identifying the underlying causes and setting goals accordingly may help you feel more confident about your financial future.

Consider these strategies to help improve your financial wellness and reduce stress.

Understand what causes financial stress

While everyone’s financial situation is unique, several common sources of stress have the potential to strain your financial health. These include financial and economic uncertainty, existing debts, unexpected expenses, and mental or physical health changes. Financial stress may differ from situation to situation, but understanding the factors contributing to yours may help you begin to craft a plan for your unique circumstances.

2. Determine your financial priorities

Start by reflecting on your financial priorities. For students this often includes paying for school or paying off student loans, studying abroad, saving for spring break, building an emergency fund, paying down credit card debt or buying a car. Name the milestones that are most important to you, and plan accordingly.

3. Create a plan and stick to it

While setting actionable goals starts you on the journey to better financial health, it’s essential to craft a plan to follow through. Identifying and committing to a savings plan may give you a greater sense of control over your finances, which may help reduce your stress. Creating and sticking to a budget allows you to better track where your money is going so you may spend less and save more.

4. Pay down debt

Many students have some form of debt and want to make progress toward reducing their debt obligations. One option is the debt avalanche method, which focuses on paying off your debt with the highest interest rate first, then moving on to the debt with the next-highest interest rate. Another is the debt snowball method, which builds momentum by paying off your smallest debt balance, and then working your way up to the largest amounts.

5. Build your financial resilience

Some financial stress may be inevitable, but building financial resilience may allow you to overcome obstacles more easily. The more you learn about managing your money, for instance, the more prepared you’ll feel if the unexpected happens. Growing your emergency savings also may increase resilience since you’ll be more financially prepared to cover unexpected expenses or pay your living expenses.

6. Seek help and support 

Many colleges have resources to help students experiencing financial stress, like financial literacy courses or funds that provide some assistance for students in need. Talk to your admissions counselor or advisor about your concerns, and they can direct you to sources of support. Your school’s counseling center can also be a great resource for mental health assistance if you’re struggling with financial stress.

The bottom line

Financial stress can affect college students’ health and wellbeing, but it doesn’t have to derail your dreams. Setting smart financial goals and developing simple plans to achieve them may help ease your stress. Revisit and adjust your plan as needed to ensure it continues to work for you, and seek additional support on campus as needed to help keep you on track.

 JPMorgan Chase Bank, N.A. Member FDIC

© 2026 JPMorgan Chase & Co.

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