California’s minimum wage hike causing mass exodus, implosion in the garment industry… economic suicide is now official policy
California Governor Jerry Brown signed legislation on April 5, 2016 that would raise the hourly minimum wage in California to $15.00. Translated, an individual working at McDonald’s forty hours a week (minus taxes, SSI, etc.) would bring home $31,200. That’s a far cry from the $7.25 minimum wage still in effect in many states. This new price hike won’t take Read More
California Democrats just made it harder for poor people to earn a living
(BigGovernment.news) With great fanfare, California Democrats celebrated when Democratic Gov. Jerry Brown signed into law a new measure requiring businesses to pay all employees a minimum of $15 an hour over the next six years. Rather than celebrating, every elected official who voted for it owes every business owner in the state an apology, though it Read More
Study: Minimum wage hikes lead to less employment for low-skilled workers
(BigGovernment.news) A new study has born out critics’ predictions about disproportionately high minimum wage hikes – namely, that they depress employment for low-wage workers. According to the National Bureau of Economic Research, the study found that minimum wage increases cut employment opportunities for low-skilled workers by some 6 points during the Great Recession. “This period’s Read More
