Tuesday, March 29, 2016

The Big Question for California Gov. Jerry "Moonbeam" Brown

On Monday. Gov. Jerry Brown announced a six-year plan to boost the statewide minimum wage to $15 an hour.

"It's a matter of economic justice. It makes sense," Brown said at a news conference at the state Capitol.

The plan, expected to be voted on by the Legislature before the end of the week, would raise the statewide minimum wage by 50 cents on Jan. 1 to $10.50 an hour. From there, it would rise to $11 in 2018 and subsequent dollar-a-year increases ending at $15 on Jan. 1, 2022.

So Governor, if minimum wage hikes don't hurt the economy and it's about economic justice, why wait until 2022 to raise the rate to $15.00? Raise it now.

The only answer is, of course, that minimum wage hikes do cause problems for the economy.

Lots of problems:


Minimum Wage Job Losses Recognized By MSNBC

Seattle Has Lost 1300 Restaurant Jobs Since Minimum Wage Hike

Walter Block on the Minimum Wage and Price Inflation

Testimony on Raising the Minimum Wage for Fast-Food Workers

New Higher Minimum Wage is Crushing Oakland's Chinatown

Oakland's Minimum Wage Hike is Crushing the Childcare Sector and the Domino Effect

The Horrific Origin of Progressive Minimum Wage Advocacy

The only thing that is likely to bail out a $15.00 minimum wage in 2022 is the fact that price inflation will be so aggressive that a hike to $15.00 won't mean anything at that time.


(via LaTi)

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