Minimum Wages

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workers. This 35% hike in the minimum wage paid by the
business will be one of the biggest increases in California history. And, it
will hit just when the state is recovering from a long recession. Approximately
2 million of California's nearly 13 million workers earn less than $5.75 per
hour. Most of these workers would be directly affected by this increase. Roughly
one-forth of those earning less than the proposed $5.75 minimum wage are
teenagers, while the remaining three-fourths are adults age 20 and over.
Industries employing significant numbers of these workers include retail stores,
child care facilities, restaurants, and fast food franchise. Much of the fiscal
impacts of this measure would be related to its various effects on the economy,
including changes in employment, prices and profits. For example, most employees
earning less than the proposed minimum wage would earn more. They would also
spend more on goods and services, thereby generating certain increases in
economic ...

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