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What’s the impact of California’s minimum wage hikes? Economists say there’s consensus
(www.sfchronicle.com)
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this post was submitted on 20 Oct 2024
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Worth noting this is a "difference-in-differences" study, so that change is estimating the impact of the policy alone. Folk's observed changes will be a bit higher because they are also affected by national changes.
Prices have gone up almost 4% since April so far. Businesses stagger their price increases so they don’t immediately alienate customers. Boiling frog and all that. The prices will likely rise the remainder of the difference over the next year.