California Voters Reject Minimum Wage Increase

California voters have rejected Proposition 32, which sought to raise the state's minimum wage to $18 per hour by 2026, making it the highest in the nation. The measure failed with 50.8% voting against it, due to concerns over potential job cuts, increased costs, and higher taxes, as argued by opponents like the California Chamber of Commerce. Proponents believed it would benefit about 2 million workers, particularly in lower-income sectors. California currently has a minimum wage of $16 per hour, with fast-food workers receiving $20 per hour, and healthcare workers are set to reach $25 per hour under existing laws. The defeat marks the first time California voters have rejected a minimum wage increase, highlighting economic concerns amidst rising living costs. Critics argued the measure would exacerbate budget deficits and economic pressures on businesses.