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Northwest · M
UC Berkeley, did a comprehensive study on the effects of raising the minimum wage, to $15, by 2023, in California. Some of the key findings:
1. The retail, restaurant and health services industries are effected the most. They can account for the increase, by raising their prices by 0.6%, across the board.
2. Increases in productivity will likely erase the effect of wage increase.
3. Across the board, there are benefits in education, at the family level, and healthcare.
Now, back to Mike. If he's doing a job, that paid him $12, form day one, I don't get what he's complaining about. If it took him 5 years, to get to this pay level, then he should take a hard look at his future. His job is obsolete? why? There will be more people competing for his groceries bagging job?
1. The retail, restaurant and health services industries are effected the most. They can account for the increase, by raising their prices by 0.6%, across the board.
2. Increases in productivity will likely erase the effect of wage increase.
3. Across the board, there are benefits in education, at the family level, and healthcare.
Now, back to Mike. If he's doing a job, that paid him $12, form day one, I don't get what he's complaining about. If it took him 5 years, to get to this pay level, then he should take a hard look at his future. His job is obsolete? why? There will be more people competing for his groceries bagging job?