It is far too early to say just how the increase is affecting businesses or whether
the bump is changing the lives of low-income families, but economists are watching
closely to understand the impact of the increase. “The short answer is we don’t know
much yet,” said David Neumark, a professor of economics and the director of the Economic
Self-Sufficiency Policy Research Institute at University of California, Irvine.”
For the full story, please visit https://www.nytimes.com/2018/01/05/us/california-today-raises-come-with-increase-in-minimum-wage.html.
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