Follow-up to V’s post on Seattle, last week the California Senate voted to destroy entry-level jobs:
The state Senate on Thursday approved a measure that would gradually raise the minimum wage in California from the current $8 an hour to $13 in 2017, despite warnings from the California Chamber of Commerce that the bill is a “job killer.”
Warning: Gay Left politicians at work!
Sen. Mark Leno (D-San Francisco) said his bill is necessary to help lift many of the 7.9 million Californians being paid minimum wage out of poverty. “Income inequality has been spoken of by our president as the defining challenge of our time,” Leno told his colleagues.
He said the current minimum wage is so low it allows many who receive it to get public assistance. “It is our tax dollars that are subsidizing the largest corporations paying these poverty wages.” Leno said. No other state has a minimum wage of $13 an hour…
Related: Calif. Senate votes to reduce penalties for sale of crack cocaine
The “Related” was added by the LA Times (when I pasted the text). Fitting, isn’t it? Because the measure would actually keep poor Californians in poverty, increase inequality, and push more people onto public assistance. Is that Leno’s real goal?
And Chicago also wants a $15/hr minimum wage. It’s trendy.
But not trendy enough for the Swiss: in May, they rejected a high minimum wage by a huge margin. (The Swiss proposal would have been $25/hr by exchange rates, or $14 by PPP adjustment.)
Before too long the only people living in California will be the very wealthy and the very poor looking handouts.
Politicians….. Not a single Economist in the bunch.
None of these people passed Economics 101.
If minimum-wage servers are going to be getting $15-hr, I’m going to start cutting-back on their tips….or just stopping tipping altogether. Their “service” just isn’t worth that much to me…particularly considering the work and work-hours I have to put-in as an entrepreneur and licensed professional just to try to make a living.
Any student of History knows that Henry Ford didn’t pat $5/hr. just to spread the wealth. He did it to stop the massive turnover of low-killed assembly-line workers in his factory and reduce his overall costs training five-to-eight thousand workers to get one-thousand to stay more than a year. He was hiring 56,000 new employees a year just to maintain a steady 12,000 employee workforce.
Why not complain about how our taxes subsidize illegal aliens? The wealthy are fleeing but bathhouse barry has deployed the IRS after people that make public statements about it.