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Editorial: Minimum wage boost in California is long overdue
Sacramento Bee ^ | September 12, 2013 | Editorial Board

Posted on 09/12/2013 6:42:17 AM PDT by Oldeconomybuyer

There can be no debate about the nation’s anemic economic recovery and its effect on the working poor. While the stock market is soaring again, jobs and wages continue to lag.

Democratic leaders and the governor have rightly agreed to raise California’s minimum wage significantly – to $10 over two years. It would increase to $9 on July 1, 2014, and to $10 on Jan. 1, 2016.

In an economy with a record-high income gap (the top 10 percent of earners took more than half of the nation’s total income last year), such an adjustment is justified and long overdue. AB 10 is designed to increase the value of work, a basic American value that both Democrats and Republicans should support.

(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; Editorial; News/Current Events; Politics/Elections
KEYWORDS: commandcontrol; economics; kalifornia; labor; minimumwage; socialism
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To: RipSawyer

That is a wonderful analogy.


21 posted on 09/12/2013 3:48:16 PM PDT by exDemMom (Now that I've finally accepted that I'm living a bad hair life, I'm more at peace with the world.)
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To: RipSawyer

Good analogy...

Another way of saying it is that liberals view food/housing/wealth/property/money as a ZERO SUM GAME.

There is only a fixed amount of it (in your metaphor: the river) and a fixed allocation per person.

In reality, it is not a zero-sum game because technology and/or hard work yields more food/products/housing/wealth/property/money.

On top of that, the “COLLECTIVE” owns all of the assets held in their narrow “zero-sum-game” world.


22 posted on 09/12/2013 5:05:23 PM PDT by AlanGreenSpam (Obama: The First 'American IDOL' President - sponsored by Chicago NeoCom Thugs)
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