California Gov. Arnold Schwarzenegger signed a bill Tuesday to give California one of the highest minimum wages in the nation.
The law gives more than 1.4 million people an increase of 75 cents an hour in January and an additional 50 cents the following year, boosting the rate from $6.75 an hour to $8.
With the new law, California joins Massachusetts as having the nation's highest minimum wage.
Massachusetts also will boost its rate to $8 an hour by 2008 after lawmakers were able to override a veto this summer by Gov. Mitt Romney.
Looks like all those homes on the beach will start costing a whole lot more now.
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