The $15 mistake: minimum wage.

AuthorMangu-Ward, Katherine
PositionCalifornia, New York - Citings - Brief article

On the same day in April, the governors of both California and New York approved minimum wage hikes. Once they've fully kicked in, both states' rates will be more than double the current national level.

By the end of 2022, all California businesses with 26 or more employees will be required to pay their workers an hourly rate of at least $15. The first bump goes into effect on January 1, pushing the state minimum to $10.50. Several Golden State cities and municipalities had already set a wage floor at $15, including Los Angeles and San Francisco.

There's an asterisk in the new law, however--one that reveals more than its authors may have intended. The governor has the authority to delay implementation of the higher wage in the event of an economic downturn, an outcome that seems increasingly likely in a state already plagued by high unemployment and the perception...

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