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.
-----
Would you like to get more involved with the social sciences? Email us at communications@socsci.uci.edu to connect.
Related News Items
- Careet RightEconomists have found an answer to slowing cognitive decline: Avoid retiring early, study finds
- Careet RightThe 'living wage' attack on jobs and prosperity
- Careet RightWhat to know about Oklahoma's proposed minimum wage increase
- Careet RightEconomists have found an answer to slowing cognitive decline: avoid retiring early, study finds
- Careet RightReopening the minimum wage debate