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<blockquote data-quote="tonyexpress" data-source="post: 2171382" data-attributes="member: 1940"><p><a href="http://www.ocregister.com/articles/minimum-714190-wage-increase.html" target="_blank"><span style="font-size: 22px"><strong>Minimum wage causing major loss</strong></span></a></p><p></p><p><span style="font-size: 22px"><span style="font-size: 15px">California recently became the first state to enact a $15 minimum wage, and the business community is stunned. Not by unions pursuing such an increase. They had a $15 initiative on the ballot this November in any event. Rather, the surprise was that California’s lawmakers were so anxious to avoid a popular vote on a measure that significantly reduces opportunities for working class Californians, the very individuals it was supposed to benefit.</span></span></p><p></p><p><span style="font-size: 22px"><span style="font-size: 15px">In January of this year, Gov. Jerry Brown agreed, stating that raising “the minimum wage too much” would put “a lot of poor people out of work.” His conclusion: “There won’t be a lot of jobs.”</span></span></p><p></p><p><span style="font-size: 22px"><span style="font-size: 15px">Passing the bill without a popular vote avoided the risk of a loss in left-leaning California that would have had national implications for the initiative’s main sponsor, the Service Employees International Union, a major source of campaign financing for Democrats.</span></span></p><p></p><p><span style="font-size: 22px"><span style="font-size: 15px">Brown did get one notable concession. For the last two years of his term, California’s minimum wage will increase just 50 cents a year. For the next governor, it will increase $1 per year for each of the next four years. So, it will fall on Gov. Brown’s successor to deal with the fact that, to quote Gov. Brown, <strong>“there will be a lot of poor people out of work.”</strong></span></span></p></blockquote><p></p>
[QUOTE="tonyexpress, post: 2171382, member: 1940"] [URL='http://www.ocregister.com/articles/minimum-714190-wage-increase.html'][SIZE=6][B]Minimum wage causing major loss[/B][/SIZE][/URL] [SIZE=6][SIZE=4]California recently became the first state to enact a $15 minimum wage, and the business community is stunned. Not by unions pursuing such an increase. They had a $15 initiative on the ballot this November in any event. Rather, the surprise was that California’s lawmakers were so anxious to avoid a popular vote on a measure that significantly reduces opportunities for working class Californians, the very individuals it was supposed to benefit.[/SIZE][/SIZE] [SIZE=6][SIZE=4]In January of this year, Gov. Jerry Brown agreed, stating that raising “the minimum wage too much” would put “a lot of poor people out of work.” His conclusion: “There won’t be a lot of jobs.”[/SIZE][/SIZE] [SIZE=6][SIZE=4]Passing the bill without a popular vote avoided the risk of a loss in left-leaning California that would have had national implications for the initiative’s main sponsor, the Service Employees International Union, a major source of campaign financing for Democrats.[/SIZE][/SIZE] [SIZE=6][SIZE=4][/SIZE][/SIZE] [SIZE=6][SIZE=4]Brown did get one notable concession. For the last two years of his term, California’s minimum wage will increase just 50 cents a year. For the next governor, it will increase $1 per year for each of the next four years. So, it will fall on Gov. Brown’s successor to deal with the fact that, to quote Gov. Brown, [B]“there will be a lot of poor people out of work.”[/B][/SIZE][B][/B][/SIZE] [/QUOTE]
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