Retraction of $25 Minimum Wage Law for Healthcare Workers in California
Governor Gavin Newsom is retracting a law mandating a $25 minimum wage for healthcare workers in California due to budget deficits. The Wall Street Journal criticizes the law as burdensome and ineffective, highlighting negative impacts on workers and private businesses. The article also argues against national minimum wage increases, advocating for the free market system.
Key Points
- Newsom is backtracking on the $25 minimum wage law for healthcare workers in California
- Wall Street Journal criticizes the law as burdensome and ineffective
- Arguments against national minimum wage increases and in favor of the free market system
Cons
- Budget deficit of $45 billion in California
- Negative impact on private businesses and workers
- Ineffectiveness of high minimum wage laws