Initial post due by 11:59 PM on Thur, July 20 Replies to peers (2) due by 11:59 PM on Sun, July 23 To see the grading rubric used for this assignment, click the three vertical dots in the upper right corner of this window, then click "Show Rubric." Goal To consider the effects of mandatory minimum wage levels on businesses and the labor market in California. Prompt Back in 2016, the governor of California signed SB-3, which raised the minimum wage from $10 per hour to $15 per hour over a fiveyear period from 2017-2022. According to the C as of January 1, 2023, the minimum wage in California is $15.50 per hour. How has this rise in the minimum wage affected workers in California so far? What about businesses? What should CA do going forward, given the current rate of inflation (which reached a 41-year high of 9.1\% last June 3). Should the minimum wage be raised further? If so, what will be the impact on business? Discuss. Be sure to support your position with references to outside support