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Berkeley study says California's $20 minimum wage raised prices by 3.7%, did not reduce jobs. Critics hit back

By Yahoo! Finance   |   Nov 16, 2024 at 07:36 AM EST
Berkeley study says California's $20 minimum wage raised prices by 3.7%, did not reduce jobs. Critics hit back

California recently raised the minimum wage for fast food workers to $20/hour, the largest increase ever by a state. The move aims to alleviate the high cost of living but faces criticism for potential impacts on businesses and consumers.

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