It clearly indicates the results of such a bill.
As much as conservatives would like to say it's indicative of the results of such a bill, it is nothing of the kind. The budget shortfall and subsequent layoffs are the result of the failure of the State of California to invest in higher education, and years of tuition freezes in the face of rising costs.
Berkley promised not to lay off any faculty or cancel any sports programs as a result of their budget problems, so the only workers left to layoff are the support staff.
There is no co-relation between the budget problems and the increased minimum wage. The budget problems are the result of systemic financial problems within all state owned post-secondary insitituions in California, due to tuition freezes and funding shortfalls going back years.