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Author:

Jester Debunker

Subject:

Off Topic

Date:

03/30/16 at 9:02 AM CDT

 

 

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RPLY: 1

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California minimum wage

There's a proposal here to raise the min wage to $15. Conveniently, they foresee no side effects.

"If Brown's plan passes, 5.6 million low-wage workers would earn $20 billion more in wages by 2023, according to the UC Berkeley analysis. It assumed no net jobs would be lost as businesses look to trim costs."

Never mind the land of fluffy unicorns one must live in to come up with that conclusion, I wonder how they explain all those jobs which are paid for by tax dollars and then those salaries go up... without raising taxes... ummm, yeah, that just guarantees some people will see a reduction in their wages from $10 per hour to zero because it's the same revenue being spread to fewer workers. But the analysis says no net jobs lost. I must be losing my mind.

latimes.com/bu...y.html

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