629 place 0

1172 Proposition 32 would raise California’s minimum wage to $18 — but would it cost jobs or lead to higher prices?

Silicon Valley
Ethan Baron @ Silicon Valley · 10/09/2024 09:00 EDT

Proposition 32 would raise California’s minimum wage to $18 — but would it cost jobs or lead to higher prices?

If Prop 32 passes, the wage hike would probably 'reduce some businesses’ profits,' and lead some employers to raise prices by less than half of 1%, state analyst's report says.

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