Proposition 32 would raise California’s minimum wage to $18 — but would it cost jobs or lead to higher prices?
https://www.siliconvalley.com/2024/10/09/proposition-32-would-raise-californias-minimum-wage-to-18-but-would-it-cost-jobs-or-lead-to-higher-prices/
A closely fought ballot initiative on the Nov. 5 ballot, bankrolled by a deep-pocketed anti-poverty crusader, would raise California’s state-wide minimum wage to $18 an hour.
An extra $2 an hour is alluring to those struggling to survive in a state known for its high prices, but business owners are worried about what that means for their own profitability. A survey of California adults this summer showed an even split in support for Proposition 32.
Proposition 32 would raise California’s minimum wage to $18 — but would it cost jobs or lead to higher prices?
Wed Oct 9, 1:13pm UTC
https://www.siliconvalley.com/2024/10/09/proposition-32-would-raise-californias-minimum-wage-to-18-but-would-it-cost-jobs-or-lead-to-higher-prices/
> A closely fought ballot initiative on the Nov. 5 ballot, bankrolled by a deep-pocketed anti-poverty crusader, would raise California’s state-wide minimum wage to $18 an hour.
> An extra $2 an hour is alluring to those struggling to survive in a state known for its high prices, but business owners are worried about what that means for their own profitability. A survey of California adults this summer showed an even split in support for Proposition 32.