It’s a mix, I am not sure if it causes more good or harm. Would be interesting to see a review paper on the outcomes.

A recent example of how this turned out negatively - the California government moved against uber, lyft, etc. to reclassify workers to try and force the companies to provide health insurance. The companies responded by spending millions of dollars to get signatures, push propaganda, and put confusing wording on the ballot to undo this. They spun it as worker’s rights, more or less. It ended up passing by just a few percentage points.

Looks like there’s a list of some of what’s been passed via statewide initiative on the ca.gov website. https://elections.cdn.sos.ca.gov/ballot-measures/pdf/approval-percentages-initiatives.pdf

EDIT: looks like ballotpedia has a much more comprehensive list for each year. Here’s 2022