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Current Events => Economics => Topic started by: Ptarmigan on May 07, 2019, 07:50:48 PM

Title: California's Mandatory Minimum Wage-Hikes Are Starting To Backfire
Post by: Ptarmigan on May 07, 2019, 07:50:48 PM
California's Mandatory Minimum Wage-Hikes Are Starting To Backfire
https://www.zerohedge.com/news/2019-05-05/californias-mandatory-minimum-wage-hikes-are-starting-backfire

Quote
According to a recent study conducted by the University of California Riverside, California's minimum wage hikes have slowed job growth among restaurant workers.

The golden state instituted a series of minimum wage hikes - set to reach $15 by 2022, or 50% over 2012 levels, according to Forbes.

Here is the study from University of California Riverside.
https://ucreconomicforecast.org/wp-content/uploads/2019/04/Minimum_Wage_4-17-19_FINAL.pdf

Quixotic.