Posted on 05/28/2024 11:14:27 AM PDT by ChicagoConservative27
Gov. Gavin Newson (D-CA) is backing off a law he passed mandating a $25 minimum wage for healthcare workers.
As a Wall Street Journal editorial points out, Newsom is only doing this because the state feels the burden of this stupid law. California has already pummeled private businesses with stupid $20 minimum wage laws, which remain in place. But…
Since the fascist state of California picks up much of the state’s healthcare tab, Newsom is backpedaling:
The editorial board of the Wall Street Journal wrote:
The state’s budget deficit has ballooned to $45 billion. Mr. Newsom projects that the new healthcare minimum wage would cost the state $4 billion more a year owing to higher Medicaid costs and compensation for workers at state-owned facilities. Legislative analyses warned about these costs, but Mr. Newsom signed the law anyway.
…
Mr. Newsom is proposing to tie health worker minimum-wage increases to the state’s general fund revenue and to exempt state facilities. But once capital-gains revenue picks up again, California’s private healthcare providers will be stuck paying for the wage mandate, which they will ultimately pass on to patients. Far better to repeal the $25 wage minimum en toto.
(Excerpt) Read more at breitbart.com ...
He is doing this because most unions demand their rate is x above minimum wage.
The WSJ should know this.
Let’s imagine that say....AT&T was running a 45 billion in the hole business. The board of directors would fire the leadership, and the feds would come in and investigate and prosecute. But when government officials do the same thing, there are no safeguards or watchdogs. This is criminal the way they run business. If we only had a justice system that actually did it’s job and go after the real criminals.....
California still offering an option for death taxation or inflation complaint department closed until further notice.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.