Posted on 04/04/2016 11:37:19 AM PDT by EagleUSA
Gov. Jerry Brown, casting a living wage as a moral imperative while questioning its economic rationale, signed legislation Monday raising Californias mandatory minimum to $15 an hour by 2022, acting within hours of a similar bill signing in New York.
The bills enactment comes one week after Brown, Democratic lawmakers and labor leaders announced an agreement on the wage increase, averting a brawl on the November ballot.
[snip]
California political leaders and labor have struck a deal to raise the minimum wage to $15 per hour over the next seven years. One excited fast food worker hugged Gov. Jerry Brown at the announcement Monday, March 28, 2016. Video courtesy of The California Channel
In adopting the measure, California joined New York as the first states in the nation to enact a plan to raise their statewide minimums to $15. New York Gov. Andrew Cuomo signed his states legislation and was cheered by labor unions at a rally moments before Brown spoke in California.
(Excerpt) Read more at sacbee.com ...
Creating more and more unemployment — when it’s already at record levels
This is truly the War on Blacks.
This is also the War on Youth.
This is also a war on the ever shrinking middle class. Wage compression (lower end wages moving up with no compensatory movement in the middle of the scale) and price distortions (inflation pressures due to high employee costs) all conspire to reduce the spending power of the middle class.
This is not a consequence of this policy, it’s a feature. Marx was all about destroying the middle class to drive the people to beg for communism.
This will make it much easier to get rid of the federal minimum wage one-size-fits-all monstrosity.
In CA you have to be asleep to experience the American dream.
Wait, you are not making sense. 4 emp. @ $7/hr is $28/hr. 1 emp. @ $15 is $15/hr a $13/hr savings.
If it’s just that easy, why not make it $50? If they say there is no downside to $15, how could there be one at $50?
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