03/28/2024

Minimum Wage Divides Experts

Voters will likely decide on the November ballot whether or not to raise California’s minimum wage to $15 per hour, even though experts are still divided on the issue. There will be plenty of anecdotes in between now and November about the fruit picker or dish washer whose wages would rise 50 percent if the minimum wage were to jump from $10 to $15 per hour. But experts say that’s not the only factor to consider. Experts agree that increased wages will increase prices, as employers are forced to compensate for increased labor costs. This means minimum-wage workers will lose some of their new-found earnings to inflation.

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