By Aaron Olsen
Minimum wage continues to be a hot button issue. For instance, in California, the state minimum wage increased from $8.00 to $9.00 per hour on July 1, 2014. The state minimum wage will further increase to $10 per hour on January 1, 2016. However, this affects more than just hourly employees. In California, for employees to be classified as exempt under the “executive” exemption, they must, among other things, be paid at least two times the state minimum wage for full-time employment in a fixed, predetermined salary. Thus, as of July 1, 2014, the minimum weekly salary is ...
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