California is going to raise the minimum wage to $15

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In California, legislators and labor unions have made a deal to raise the minimum wage to $15, the Los Angeles Times reports. 

State governor Jerry Brown is expected to make an announcement on the issue as soon as Monday. 

The wage would reportedly ramp up over the next several years, going from $10 to $10.50 an hour in 2017, $11 an hour in 2018, and $1 more every year until 2022, landing at $15 an hour. 

The deal was reached without campaigning, and The Los Angeles Times reports that the deal was made without much input from business groups. 

This is big news because California is, in many ways, a nation unto itself. At 39 million people, it's the most populous state in the union, and it has a gross statewide product that would make it the eighth-largest economy on Earth if it were its own country, just behind Brazil. 

The wage increase will affect millions of people in California, and it's probably going to push the issue further into the presidential race, especially for Bernie Sanders and Hillary Clinton. 

This comes after the Canadian province of Ontario announced an experiment with basic income.

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Drake Baer is Insider's first editor-at-large, working across the newsroom to help produce ambitious journalism.  For two and a half years before that, Baer served as deputy editor, overseeing a team of 20+ reporters and editors who cover the future of work, real estate, and small business. The fast-paced team was behind some of Insider's major packages in the last few years, including a state-by-state look into unemployment during the first year of the pandemic and in-depth profiles of "niche famous" characters such as real estate media tycoon Brandon Turner and HR icon Johnny C Taylor. They shed new light on big names, like Joe Biden, America's imperfect leader. He also cultivated thesis-oriented ideas journalism, whether it be on why "'diversity' and 'inclusion' are the emptiest words in corporate America" or why it's actually a horrible time to buy a house. (No, really, it is.)  Before editing, his byline as a reporter was on the masthead for Fast Company and New York Magazine, covering the many intersections of social science, business, and economics. Baer has interviewed some our time's leading minds, including philanthropist Bill Gates, FiveThirtyEight founder Nate Silver, NBA champion and investor Steph Curry, "growth mindset" psychologist Carol Dweck, the rapper Q-Tip, Nobel laureate Daniel Kahneman, and the man who gave a name to "disruptive innovation," the late Clay Christensen. Baer has published two books, the most recent being Perception: How Our Bodies Shape Our Minds, with Dennis Proffitt. In 2014, New York Times bestselling author and Wharton professor Adam Grant highlighted his first book, Everything Connects, as one of the 12 business books to read that year. He has been featured as a speaker at the Aspen Ideas Festival, presented at TedX Princeton, and moderated many panels.   Fun facts? He's meditated every day for over a decade, except for the days he hasn't. He circumnavigated the globe before turning 25. He loves and can advocate for just about every food except grapefruit. And at 35, he is just now learning to draw.

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