That's pretty low, mister.
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 California’s mandatory minimum to $15 an hour by 2022, acting within hours of a similar bill signing in New York.
The bill’s 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 state’s legislation and was cheered by labor unions at a rally moments before Brown spoke in California.
(Excerpt) Read more at sacbee.com ...
The largest unions in California are public employee unions, one out of 5 works directly or indirectly for the state government, so all that would happen is that would increase to 1 out of 4 or 1 out of 3.
Some really do seem that think that a higher minimum wage can make them rich!
The Browns or their allies have really rule CA since 1959. Reagan was a minor interregnum. Deukmejian was pretty good but in time overwhelmed.
Andy Devine was such an interesting actor: really loved America too.
If you raise the minimum wage to $100 per hour, there will be no customers for the product or service affected.
At $15 per hour, some of the customers will disappear. Every job will disappear which doesn't generate sufficient revenue to justify the wages. Every wage increase changes the criteria for justifying the existence of that job.
In some cases, the customers may absorb the increase. If they don't, then higher paid workers may subsidize those who are paid less.
What will not happen is that entrepreneurs will operate businesses at a loss. Only governments do that.
Not to mention the loss of buying power as prices increase across the board. Rising wages will also mean a need to keep the ACA Marketplace updated on estimated MAGI to avoid the PTC clawback come tax time.
Finally, as poverty is defined as a percentage on the curve, poverty as we define it will NEVER end. Only if it is compared to a global average will our "poor" find out they are upper middle class when compared to the rest of the real poor, whose numbers are legion.
Its one thing to mandate $ 15 an hour in the big cities along the coast; entirely different for the Central Valley where jobs are already hard to find. Any chance the interior counties, far north, San Diego and Orange could secede from SFO and the Hollywood nutz?
I look forward to getting my burger from R2-D2.
I'm glad you put "optimal" in quotation marks.
The analogy I would propose is that of bacteria living in a petri dish. The population continues to grow until the miserable conditions in the dish cause the death rate of the bacteria to match the creation rate. This maximizes the number of bacteria but creates miserable conditions for all.
Why would there be any college students? If you can get $15 not going to college and $22 (or so) an hour spending tons of money to get a six year degree what is the point?
You will make more money not going to college.
That's pretty low, mister.
I am pretty sure the second law you mentioned already exists in California...
Minimum wage is not a living wage.. its a starting wage.
Raising it is the same as eliminating a starting wage for many young, or minority, or poorly educated, or elderly Americans.
Or eliminating a supplemental wage to some one else in the family, in addition to the main wage earner.
It means the loss of jobs for the workers, and a disincentive to give jobs for the companies, and an incentive for companies to look for alternatives, such as automation, or closing low margin stores and opening stores in some other state.
This is truly the War on Blacks.
This is also the War on Youth.
Too bad they cant see they are being used and discarded by the people they are voting for.
WOO HOO!!! Half way to a steak dinner already.
Assuming you can get a job at $15 verse $22 after collage. It would take 25 years to make brake even. Why would anyone go to collage?
Nevada is only a few feet away.
I don't know. This person sounds like they are in it for the long haul. Hard to find people looking to make a career as a fast food worker at minimum wage.
"...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..."
So Jerry admitted it doesn’t make any sense economically but they want to live in a moron I mean moral community.
I grew up there (bay area) and went back because it is so beautiful but I can’t handle the insanity so I left again. Just go back to visit.
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