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L.A. firms see peril in tying minimum wage increases to inflation

L.A. firms see peril in tying minimum wage increases to inflation

A little-debated provision of the Los Angeles minimum wage hike — future increases tied to inflation — may produce its most profound and controversial consequences over the long term. In a single vote, the City Council backed a plan that would raise the minimum wage not just once but forever, with automatic annual hikes starting in 2022, after phasing in a $15 hourly wage by 2020. The requirement aims to ensure that wages keep pace with cost-of-living increases, but business advocates say it could cripple entrepreneurs' ability to adjust wages to unpredictable economic conditions — effectively enshrining automatic annual layoffs when times get tough. Ruben...

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