Proposition 32 was just rejected. In blue California, why did the minimum-wage boost fail?
Proposition 32 was just rejected. In blue California, why did the minimum-wage boost fail?
- November 19, 2024
- David Neumark, economics, Los Angeles Times, Nov. 19, 2024
David Neumark, a UC Irvine economist and national expert on minimum wages and their economic effects, said he was surprised by the outcome and that it was hard to pinpoint a single factor for the measure’s defeat. His research over the years has shown there’s an economic tradeoff in pushing up the minimum wage: Some lower-income workers benefit from increased pay, but overall jobs are reduced as employers cut back due to higher costs, which hurts the financial well-being of the working poor and those with fewer skills.
For the full story, please visit https://www.latimes.com/business/story/2024-11-19/californias-voters-typically-lean-heavily-to-the-left-so-why-did-a-minimum-wage-boost-fail.
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