story01.htm
story01.htm
3/30/2016
link
summary
This article from The New York Times discusses a plan in California to gradually raise the minimum wage to $15 per hour. The plan, if approved, would result in the highest statewide minimum wage in the country. Supporters argue that this increase would help lift workers out of poverty and stimulate economic growth. However, opponents express concerns about the potential negative effects on businesses, particularly small businesses, who may struggle to absorb the higher labor costs. The article presents different viewpoints on the issue and highlights the broader debate surrounding the minimum wage and its impact on the economy.
tags
minimum wage ꞏ california ꞏ economy ꞏ labor ꞏ labor market ꞏ income inequality ꞏ living wage ꞏ low-wage workers ꞏ job market ꞏ employment ꞏ wage increase ꞏ poverty ꞏ economic policy ꞏ business ꞏ small business ꞏ economic impact ꞏ social justice ꞏ worker's rights ꞏ economic inequality ꞏ income distribution ꞏ income gap ꞏ economic growth ꞏ economic development ꞏ job creation ꞏ cost of living ꞏ income disparity ꞏ economic stability ꞏ social welfare ꞏ economic justice ꞏ working class ꞏ middle class ꞏ wealth gap ꞏ economic opportunity ꞏ income mobility ꞏ economic reform ꞏ labor rights ꞏ socioeconomic issues ꞏ public policy ꞏ political economy ꞏ fiscal policy ꞏ economic analysis ꞏ economic trends