California voters reject measure that would have raised minimum wage to nation-high $18 per hour

By Yahoo! Finance | Nov 19, 2024 at 08:23 PM EST

California voters rejected a ballot measure to raise the minimum wage to $18/hr by 2026, citing concerns about increased costs and job cuts. Current minimum wage is $16/hr, with some sectors like fast food at $20/hr. Hawaii plans to reach $18/hr by 2028.

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