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California voters have rejected a proposal to raise the state minimum wage to $18 per hour by 2026, which would have been the highest in the nation.
Transcript
00:00California voters have rejected a proposal to raise the state minimum wage to $18 per hour by 2026,
00:07which would have been the highest in the nation.
00:09Opponents argued it would increase costs, lead to higher taxes and force businesses to cut jobs,
00:16a concern that resonated with voters amid economic uncertainty.
00:20Supporters, however, noted the measure could have benefited 2 million workers,
00:25including those in hotel and grocery sectors,
00:28while the current minimum wage is $16 for most workers and $20 in fast food.
00:33The healthcare sector will see its wage rise to $25 per hour,
00:38under law signed by Governor Gavin Newsom.

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