Posted on 03/26/2016 9:51:02 PM PDT by 2ndDivisionVet
California lawmakers and union leaders have reached a tentative deal to raise the state minimum wage to $15 an hour over the next several years, the Los Angeles Times reports.
Gov. Jerry Brown (D) is expected to make the formal announcement as early as Monday.
According to the L.A. Times, the minimum wage will jump from $10 to $10.50 an hour in 2017 and will increase by $1 every year after that until reaching $15 an hour in 2022.
Business with fewer than 25 employees will have an extra year to comply.
"The governor and stakeholders have all been negotiating earnestly and in good faith for some time," state Sen. Mark Leno told the AP.
The arrangement staves off a potential political showdown in California; union leaders have threatened to take the issue directly to the ballot, and polls have shown public support for minimum wage initiatives.
One union-backed initiative has been working to get on the ballot, and another has already qualified, the L.A. Times reports; its backers are hoping the new agreement will allow them to withdraw the proposal.
Raising the minimum wage has been a talking point of Democratic candidates Hillary Clinton and Bernie Sanders, who will face off in the California primary on June 7.
Sanders has called for raising the federal minimum wage - currently at $7.25 an hour - to $15. Clinton has supported raising the federal minimum wage to $12.
I was thinking the same thing. A tax increase on the increased price of the product itself then an increase in state income tax of the employee.
Gotta love how California is so eager to provide us with examples of what complete government control leads to?
Maybe we’ll get lucky and they’ll show us what happens under a dictatorship.
The majority of fast food joins make $2.5 million in revenue or less. Many result in $40,000-$80,000 for the owner in profit. This sucks more than that from them, making the establishment a loss.
Here is last years highest grossing restaurants. The number is the average revenue per store. CFA is highest at $3 million per store. That’s it. Not a bazillion dollars or some magical number of massive revenue.
Chick-fil-A $3,064,000
Jason’s Deli $2,657,000
Panera Bread $2,500,000
McDonald’s $2,500,000
Krispy Kreme $2,480,000
Chipotle * $2,472,000
Whataburger $2,327,000
Zaxby’s $2,030,000
Culver’s $2,015,000
In-n-Out Burger $1,975,000
I’m just pointing out that fast food restaurants that have a commitment seem to have long lines of customers. And it is not axiomatic that a rise in the minimum wage will lead to automation that eliminates employees.
Why so many voters are drawn to Donald Trump
The way the presidential campaign is shaping up, Ventura musician Jon Gindick may do something he's never done before. "I've never voted for a Republican," the registered Democrat told me. "I like Trump." A waiter told me he thought Trump's trade restrictions would create more jobs at higher wages. A couple wearing matching red, white and blue shirts told me their healthcare costs had tripled under Obamacare -- a program Trump says he'll shred. To Gindick, Trump's remarks about criminals coming across the border were refreshingly honest, and not at all a condemnation of all immigrants or Latinos in general. He thinks Trump's critics misrepresent him, that they're unfair in calling him a racist. "I saw it as a huge lie being repeated by the GOP establishment and Democrats," he said. [Steve Lopez, Los Angeles Times]
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