How does minimum wage in 1980 compare to today in real wages?
What was average middle class income in 1980 and how has it fared since (i.e., has there been wage stagnation for that group)?
What was average CEO-to-regular worker ration in 1980 and what is it today?
How have effective income tax rates changed for, say, top 0.1% since 1980?
How have corporate profits fared since 1980?
What are the impacts of the answers to those questions?
These data points might not tell a singular story, but since you all seem expert on public policy and the impacts of this wage & hour change in California, I'd think you'd have fully fleshed out thoughts on all of this. After all, whether something will be different tomorrow compared to today isn't the only way to look at a law when you at least need to think about how the law today is working and how the various dynamics have evolved over time.