Posted on 05/19/2015 2:48:15 PM PDT by Oldeconomybuyer
LOS ANGELES The nations second-largest city voted on Tuesday to increase its minimum wage to $15 an hour by 2020 from the current $9 an hour, in what is perhaps the most significant victory so far in the national push to raise the minimum wage.
The increase which the Los Angeles City Council passed in a 14-1 vote comes as workers across the country are rallying for higher wages.
The impact is likely to be particularly strong in Los Angeles, where, according to some estimates, more than 40 percent of the citys work force earns less than $15 an hour.
(Excerpt) Read more at nytimes.com ...
Labor unions push for increases in the minimum wage because their rates on federal contracts are tied to the minimum wage. It goes up, they get higher pay. Also, a minimum wage keeps out low-cost competition for jobs.
The minimum wage was never about poorer workers. It was always about helping the unions.
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Great, 40% of their workforce now has their jobs at risk.
I”m sure this’ll work out great. Maybe I’ll be moving to LA to git me one of them there high paying j.o.b.s.
B.S. being the operative part of that sentence.
More and more people will end up with a 29/hr work week. That $15 is to help cover up the dismal failure of obamacare destroying 40/hr work week jobs.
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