Posted 2/20/2024, 5:31:00 PM
O'Leary Slams California Over Affordability and Minimum Wage Debate
- Kevin O'Leary blasts California as the "worst managed, least competitive" state, calls San Francisco a "rat hole"
- He criticizes the push for a $50 minimum wage, says politicians should focus on better management
- Cost of living is very high in California, with surveys showing $100k+ needed for a family to "get by"
- Rep. Barbara Lee proposes $50 wage based on California's affordability crisis
- O'Leary questions economic sustainability of such a high minimum wage for small businesses