Posted on 03/30/2016 5:07:42 PM PDT by Olog-hai
Raising the minimum wage in California to the highest statewide level in the nation would eventually cost taxpayers an additional $3.6 billion a year in higher pay for government employees, legislative analysts determined.
The estimate was disclosed as an Assembly committee gave initial approval Wednesday to boosting the wage to $15 an hour by 2022. The full state Assembly and Senate could vote on the deal between Democratic Gov. Jerry Brown and labor unions as early as Thursday. […]
First-year costs to the state would total $19 million, when the minimum pay bumps to $10.50 on Jan. 1, according to the legislative analysis.
The proposal would then increase the minimum wage to the next whole dollar amount in each of the five years, with a one-year delay allowed for businesses with 25 or fewer employees. The wage would automatically rise to keep up with inflation after 2023. …
(Excerpt) Read more at hosted.ap.org ...
Unions love it.
Unions loved Obamacare too, until reality set in.
No problem, just raise taxes more to cover it!
It would be a great idea so long as they banned anyone who voted for it from leaving the state.
These stupid people will f***up California, and then flee the horrible mess they created, bringing those same stupid mindsets into non brain-dead states.
There ought to be some way of shoving these stupid ideas down the throats of those people who advocate them.
But then again, maybe this is Genius. There are a lot of Robot people in California. Maybe they are secretly spearheading this movement because it will mean big bucks for them when the stupid people get fired because they aren't worth $15.00/ hour.
No problem. Brown & Co. are made of money. A few billion on unneeded trains, a few billion in min wage hikes, a few billion for illegal aliens, a few billion more in unemployment costs and welfare. Where’s the problem?
I see the CAHSR boondoggle has ground to a halt again, speaking of that. When you’re spending five times more per mile than even socialistic Europe on that mode (never mind keeping it out of the private sector), there’s a real problem.
I thought that state “cap & tax” on energy solved all the revenue problems?
/s/s/s/s/s/s/
Minimum wage is $0/hr and there’s nothing that can ever be done to change that. If you’re not worth $15/hr to an employer then you’ll make $0.
Communism is on the march in America. :(
“Wage hike would cost California taxpayers $3.6B”
What the hey!
Just a little more wealth redistribution and it’s only paper and green ink!
Tell Janet Yellen to fire up the presses!
Unions still love Soetorocare because they get to make off like bandits. Union members who have come to their senses either aren’t union members anymore, or the state has enslaved them into paying union dues and they are trying their best to escape.
CA liberals (and flacid RINOs) have Destroyed the state.
The 9.0 LA Sales tax is going up to 9.5+ so that more minorities can have mass transit.
CA is finished, they just don’t know it yet.
MTA shows what taxpayers will get if they OK a $120-billion sales ...
www.latimes.com/local/california/la-me-transit-projec... Proxy Highlight
Mar 18, 2016 ... ... ambitious $120-billion plan to expand mass transit in Los Angeles. ... across the county as they try to persuade voters to approve a sales tax that would ... voters approve a $120-billion tax increase proposal expected to appear on the November ballot. ... Eric Garcetti, Los Angeles mayor and Metro director.
“Unions love it.”
I remember reading many years ago that many union contract wages are based on a factor/multiple of the minimum wage. Ergo, not only minimum wage workers would get a raise but it would automatically ripple up the union scale. I don’t know if that applies today but it would not surprise me.
Also, my understanding of what happened in Seattle(?) was that the $15/hr applied EXCEPT to unionized employees who would get “regular” wages, minus dues of course.
It’s a huge transfer payment to illegal aliens.
There is a real good chance that this will bankrupt most of California’s mountain counties and a lot of small public entities.
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