Posts tagged wage floors
Newsom Celebrates a Higher Minimum Wage as California Jobs Struggle
August 27, 2026 // Escalating minimum wages can also push employers to scuttle plans to expand their businesses because they cannot afford inflated payrolls. In extreme cases, they shut down their companies. Who knows, some might even leave, relocating in states that aren’t hostile to businesses. And that, we remind the governor, is a “different path” indeed.
Minimum Wage Myths are Flooding the Internet
July 27, 2026 // Salaries are a function of supply and demand, not government planning. Employers hire workers up to the point where the value of their labor justifies the wage, while workers decide whether to supply their labor based on the pay offered. As the Texas example shows, the true minimum wage is whatever the market decides, and in 2026 that’s almost never as low as $7.25. Minimum wages can also hurt the workers that they’re meant to help. California’s minimum wage is among the highest in the nation, and California now has the highest unemployment rate of all 50 states.