Bad news? Isn't this good news? California voters are actually getting what they voted for. They should be ecstatic.
They hate businesses - Businesses are closing
They want wages set at a minimum where a person holding a job can live comfortably for doing as little work as possible - They got that.
They want to feel good about 'doing something'. - They got that, too.
They want to impose their moral code on others through government force - Another win.
Of course missing from this list is how their policies harm other people. But then they really don't give a shit about anyone else but themselves.