SACRAMENTO—California’s minimum wage will jump to $15.50 per hour next year, Gov. Gavin Newsom’s administration announced Thursday, an increase triggered by soaring inflation that will benefit about 3 million workers. The increase is required by a state law passed in 2016. But it comes at a good time for Democrats in the nation’s most populous…

California will raise its minimum wage to $15.50 per hour for all workers beginning next year as inflation soars across the nation, Gov. Gavin Newsom announced Thursday. Newsom, a Democrat, noted that the increase was needed due to a provision in the state’s existing minimum wage law, signed by former Gov. Jerry Brown in 2016, which…