08-07-2018, 02:04 AM
California passed a law that will hike the minimum wage to $15/hr. It increases incrementally each year until the target is met. Right now they are only at $11/hr and are already feeling the effects.
https://www.forbes.com/sites/chuckdevore/2018/08/06/california-passed-15-an-hour-two-years-ago-hows-it-working/#1ab02f3a4fa4
Turns out it is hurting the middle class and rural manufacturers....kinda the people it was supposed to help. Other economic factors are involved, but it is one of the key factors itself.
https://www.forbes.com/sites/chuckdevore/2018/08/06/california-passed-15-an-hour-two-years-ago-hows-it-working/#1ab02f3a4fa4
Turns out it is hurting the middle class and rural manufacturers....kinda the people it was supposed to help. Other economic factors are involved, but it is one of the key factors itself.
