Calif. reaches deal to be first state with $15 minimum wage

California Gov. Jerry Brown yesterday reached a deal with legislators and labor leaders to raise the state's minimum wage to $15 an hour by 2023.

The deal, which requires approval from moderate lawmakers, would make California the first to raise the statewide minimum wage to $15 an hour.

The agreement gives the governor the rights to opt out if the economy falters.

Read more from Reuters.