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California's $15/hour wage could help workers, cost jobs
Associated Press ^ | Mar. 28, 2016 8:56 PM EDT | Don Thompson and Justin Pritchard

Posted on 03/28/2016 6:04:21 PM PDT by Olog-hai

A political deal to raise California’s minimum wage to a nation-leading $15 an hour could help some workers cope with the state’s crushing cost of living but also deprive other low-wage earners of jobs altogether, economists said Monday as Gov. Jerry Brown and other leaders touted what would be a landmark agreement.

California’s economy is larger than that of most countries, with a wide diversity of earners. While newly minted millionaires gentrify neighborhoods in the San Francisco Bay Area, some Central Valley field hands lack access to clean water. A jump from the current $10 an hour spread over six years would affect millions. […]

On Monday, Brown touted the deal his administration struck with legislative and labor leaders as potentially historic, calling it a matter of economic justice. Under the proposal, which the Legislature has yet to approve, the minimum wage would rise gradually, reaching $15 by 2022. After that wages would rise with inflation, though in tough economic times the governor could delay increases. …

(Excerpt) Read more at bigstory.ap.org ...


TOPICS: Business/Economy; Culture/Society; Government; US: California
KEYWORDS: fightfor15; governormoonbeam; lofan; minimumwage
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To: Extremely Extreme Extremist

This is also a back door method to raise tax revenue.


21 posted on 03/28/2016 8:31:38 PM PDT by SirFishalot
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To: Olog-hai

Brown held a press conference announcing this. It was insane.

One of the Ds spoke for a while in English then in spanish. A woman on stage with bleached hair and piercings cried and hugged Brown. She was interviewed and said that she has a 4 month old baby and she works at Burger King and was complaining she did not have a living wage.


22 posted on 03/28/2016 8:45:07 PM PDT by Selene
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To: Olog-hai
After that wages would rise with inflation, though in tough economic times the governor could delay increases. …

So they apparently do understand that, especially in tough times, raising the minimum wage is bad. Also, will the minimum wage fall with deflation? Or is it only able to go up?


23 posted on 03/29/2016 2:14:56 PM PDT by Svartalfiar
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To: Olog-hai
https://www.youtube.com/watch?v=GoA_zY6tqQw
24 posted on 03/29/2016 4:57:17 PM PDT by hout8475
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To: hout8475

https://www.youtube.com/watch?v=GoA_zY6tqQw


25 posted on 03/29/2016 4:57:38 PM PDT by hout8475
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To: TigersEye

Bttt!


26 posted on 03/31/2016 7:07:28 PM PDT by Pagey (HELL is The 2nd Term of a POTUS who is a MALICIOUS DIVIDER of humans)
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