To elaborate more on employment rates, one should know that another benefit to repealing the SB 3 is that small businesses will not have to terminate a specific amount of employees to meet cutbacks, instead small businesses will maintain the same employment rates, or provide new opportunities for young adults to become employed. Again, for this to come about, the $15 minimum wage bill needs to be repealed, because the California Chapter of the National Federation of Independent Businesses (NFIB) that represents small and independent businesses, since 1943, uncovered an alarming risk on SB 3, which could potentially hurt small businesses. Before I describe the calculations of their research, I should mention that the study was founded on a strong
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This call of action does not come out of randomness, instead to ensure the security of jobs that provide the basic necessities for employees, to make certain that California’s economy avoids inflation in the long run, and have adults return back to school, so they could further their education and obtain an occupation that pays well. On the other hand, I understand that not everybody would agree with the call of action that I am requesting, since Democrats believe that SB 3 will increase employment rates, decrease poverty conditions, and California’s economy will prosper. However, what does not make sense is that statistical data and historical content show in the long run that the increase of the minimum wage will damage California’s economy. For instance, statistics projected that if the bill remains intact, there exists a high possibility that small businesses will have no option to increase prices on goods and services to secure profit margins. Another example is the previous $10 minimum wage bill that struggled to increase employment rates in the state of California, however, the opposite occurred, which triggered unemployment rates to rise in specific counties. Therefore, the evidence implies that California’s economy will prosper if the bill is repealed by California’s
This call of action does not come out of randomness, instead to ensure the security of jobs that provide the basic necessities for employees, to make certain that California’s economy avoids inflation in the long run, and have adults return back to school, so they could further their education and obtain an occupation that pays well. On the other hand, I understand that not everybody would agree with the call of action that I am requesting, since Democrats believe that SB 3 will increase employment rates, decrease poverty conditions, and California’s economy will prosper. However, what does not make sense is that statistical data and historical content show in the long run that the increase of the minimum wage will damage California’s economy. For instance, statistics projected that if the bill remains intact, there exists a high possibility that small businesses will have no option to increase prices on goods and services to secure profit margins. Another example is the previous $10 minimum wage bill that struggled to increase employment rates in the state of California, however, the opposite occurred, which triggered unemployment rates to rise in specific counties. Therefore, the evidence implies that California’s economy will prosper if the bill is repealed by California’s