Founding Members CNBC CFO Council Last week, Oklahoma voters rejected a ballot measure that would have raised the state’s minimum wage to $15 an hour by 2029. Throughout the past decade, increasing the minimum wage has remained a consistently popular progressive policy, one that, historically, has prevailed at the ballot box. But recent political losses in California and Massachusetts, two of the most leftward-leaning states, were attributed to the same fears that came into play in Oklahoma: inflation and the increased cost of living. 
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