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Gavin Newsom's Minimum Wage Hike Is Hurting, Not Helping, Workers; Businesses Close, 10k Jobs Axed [11:11 | Jun 07 24 | The Hill] (youtu.be)

submitted 7 months ago by jimmydoreisalefty to c/onlyvideos

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Jessica Burbank and Amber Duke discuss the consequences of California's minimum age increase, including the shuttering of businesses and loss of 10,000 jobs. #minimumwage #gavinnewsom

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[–] AIhasUse 4 points 7 months ago

This isn't a problem, and it is totally expected. Some companies can afford to pay more and some can't. It's not like there are new businesses that can open up because of it. Whenever you have something that may close some businesses and won't open new ones, there has to be a net loss in the number of businesses. The businesses that can survive get more businesses and hopefully hire back some of the people who lost their jobs.