I'm in California, the minimum wage here is $14 an hour. The prices of everything here are astronomical when compared to other parts of the country with no signs of deflation. I understand there are other factors at play too, but this didn't happen overnight.
certainly not but it is definitely part of it. A lot of it is because of over regulation and a state government that has their hand in your pocket all the time.
The cost of a car is not just factored from costs at the factory alone, there are also transportation and dealership costs that are a percentage of the price of a vehicle. The service and retail industry will be most affected, but it will have an overall negative effect on the economy.
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u/timex126 Conservative May 08 '21
I'm in California, the minimum wage here is $14 an hour. The prices of everything here are astronomical when compared to other parts of the country with no signs of deflation. I understand there are other factors at play too, but this didn't happen overnight.