California voters in the November election will decide whether to increase the statewide minimum wage to $18 an hour.
Proposition 32 aims to gradually increase the current minimum wage depending on a company’s number of employees.
By 2026, everyone in the state will make $18 per hour. If passed by voters, larger companies would be required to implement the change next year, while the rest will gradually implement it.
Every subsequent year, the wage would be adjusted to keep pace with the cost of living.
The change is personal for Joe Sanberg, a Los Angeles-based startup-investor-turned-anti-poverty-advocate who donated more than $10 million to the prop’s “Yes” campaign.
“My mom raised me by herself in Southern California,” he said. “We lost our home to foreclosure when I was a teenager, and my mom worked as hard as a mom could work and raise me and my brother to the best of …