I mean yeah, it is unsustainable to live in California, especially in LA. It sounds like it’ll just lead to inflation, which it will to some degree, but realistically it’ll allow you to move to different locations, afford to live somewhere closer to work, afford transportation easier, and a bunch of other things that boost the economy and improve the quality of life for the people living there.
Not everyone is a minimum wage employee, so this isn’t going to be the same as giving everyone $100 for rent, ie. Increasing the price of a specific thing. The inflation will be spread out amongst a large amount of items and so a 50% increase in wage with an increased inflation per item of 1% is a net positive, and this is for the people who struggle the most with affording living necessities.
Why not pay people $500 instead ted Cruz asks? Bc you don’t value people’s lively hoods