Opinion
Minimum wage hike: The costs are higher than you think
Binders and documents relating to wage information. (Photo: Tashatuvango, via Shutterstock)The California minimum wage increase has been approved. The minimum wage will rise by $1 per hour through 2022, up to $15. There are significant costs to employers, both public and private, besides the $5-per-hour increase. Inflation is one of those costs. Let’s look at the real results and implications of what our elected officials have done to us and for themselves on many levels. And let’s find the unintended consequences.