Gov. Gavin Newsom announced plans to revise scheduled health care wage increases in his 2024-2025 state budget proposal, which was released Jan. 10. Senate Bill 525, passed in October, established incremental wage increases to gradually phase in a new statewide $25 minimum wage for all health care facilities by June 1, 2028.
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Despite the collapse of Silicon Valley Bank and the shock waves it sent through the banking sector due, in part, to the bank’s risky exposure to higher i..