Simple reason not to pay you enough or give raise
The California Department of Industrial Relations has announced that the minimum pay requirements for exempt computer software professionals will increase effective January 1, 2023, based upon an increase in the California Consumer Price Index. Effective January 1, 2023, the minimum salary for an exempt computer software professional will increase from $104,149.81 to $112,065.20 per year (from $8,679.16 to $9,338.78 per month). California’s computer software professional exemption is one of the few overtime exemptions that also permits exempt status with pay on an hourly basis. Also effective January 1, 2023, California is raising the minimum hourly rate for exempt computer software professionals from $50.00 to $53.80.
https://www.dir.ca.gov/OPRL/ComputerSoftware.htm