From Morningstar:
"I think there's going to be job loss everywhere," said David Neumark, an economist at the University of California, Irvine. "You get out of the big cities and California is not a rich place at all."

For the full story, please visit http://www.morningstar.com/news/dow-jones/TDJNDN_201603271283/california-moves-toward-15anhour-minimum-wage.html.

 

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