I mean, better than not going up but $18 would have been reasonable years ago and now it should be far higher.
Last time I checked 25 bucks is cost of living but it’s been a couple years. I wouldn’t be surprised if it should be higher now.
Can’t wait to see the campaigns against this lmao
The best part is there’s a lot of data now about how the raise in minimum wage has helped in California.
https://rentalrealestate.com/data/rent/california/
Avg Studio Apartment Rent: $1575
Required Hourly Wage for rent to be 1/3 of income, working 40 hrs a week (taxes ignored): $29.54
Avg One Bed Rent: $1724
Required Hourly Full Time Wage (Ignoring Taxes): $32.33
Avg Two Bed Rent: $2,161
Required Hourly Full Time Wage (Ignoring Taxes): $40.52
…
So basically, you can afford a studio apartment on a full time min wage job if you share it with someone who works about 20 hrs a week at min wage…
… all ignoring taxes on your income.
That’s if you can find a studio. All I could find by me was 1 & 2 bedrooms.
If minimum wage is always 10+ years behind what a living wage should be, what’s the point? People can’t survive on $18 an hour, so the focus should only be on living wage.
An important note I feel was fucking unnecessary in this, though I did vote yes because I’m not a moron:
Inflation Adjustments Paused Until 2027. The minimum wage would be adjusted for inflation every year starting in 2027. These adjustments would follow the current rules described earlier.
That’s closer to the $45/hour it actually needs to be so, yes, but mostly we keep going.
It needs to be tied to some figure or other so it goes up automatically.
Still too low
The problem with minimum wages is that they also drive up prices over time. This is a bandaid to a much bigger problem.
That’s why they also need to introduce a maximum wage. To stop prices going up from paying the ceo too much.
Dunno why you’d think that solves the problem
Dunno why you think it couldn’t help in any way
Because minimum wages cause significant cost for companies, which they are forced to pay by law.
High salaries are not mandatory and if a company can’t afford it, they don’t pay that much.
So we should decrease your salary to drive down prices?
While lower salaries would decrease the amount of financial pressure on companies and could lead to more competitivepricesz, I don’t think that that would be the correct avenue to walk down no.
I think the only real solution to that is to break up mega corporations and try to fund and subsidize local businesses.
Capitalism has been a blessing for everyone, even those clowns on lemmy.ml or other clown instances, but when globalization hit, it went downhill. Trying to promote local businesses again would - at least in my opinion - better the entire system, from wages to prices to work conditions.
