Economists warned California not to raise the minimum wage to $20. They were wrong in almost every way so far, according to a new study from CWED researchers Michael Reich and @dsosinskiy.bsky.social. Read more: fortune.com/2026/04/15/u...
Study: California’s $20 minimum wage barely raised prices—and proved economists wrong about job loss | Fortune
“The results are nowhere as dire as predicted,” Berkeley’s Michael Reich told Fortune.
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