[edcoil]

The city of Los Angeles just voted last night to force all companies in the city to pay $10.64/hour living wage. All companies, not just those doing business with the city like they did before.

[Long Island Pete]

Disasterous for small business. Does this mean the Dems are going to raise their own salary also?

[MovementConservative]

What will this do to McDonald's $1 menu?

[jazusamo]

I believe that only applied to the hotels around LAX but it's still outrageous.

http://www.freerepublic.com/focus/f-news/1739416/posts

[SirLinksalot]

The city of Los Angeles just voted last night to force all companies in the city to pay $10.64/hour living wage. All companies, not just those doing business with the city like they did before.

This will be an interesting real life experiment to see if actual implementation of this policy affects the employment of unskilled people ( mostly young kids just entering the job market ).

The counter argument in resistance to raising the minimum wage by law is that doing so will cause employers on the aggregate to employ LESS entry level people ( mostly youths ) in favor of more experienced workers, thus increasing unemployment for entry levels.

We shall see if this happens in LA, and by extension, the whole country.

Wouldn't this policy cause an UPTICK in the unemployment rate ?

[TheDon]

The city of Los Angeles just voted last night to force all companies in the city to pay $10.64/hour living wage.

The city of LA is pretty cheap! $10.64/hour is not a living wage in LA. They should have made it at least $30/hour. How can anyone survive on $10.64/hour in LA?

[citizen]

The city of Los Angeles just voted last night to force all companies in the city to pay $10.64/hour living wage. All companies, not just those doing business with the city like they did before.

And they will enforce that how & by what authority?