Left Coast Twilight of History

On 25 September 2013, the California legislature passed AB10 to raise the minimum wage to $10 by 2016.  The bill was passed in both houses late on 25 September and was signed by Governor Brown the same day. 

The signing took place in Los Angeles, not California's capitol Sacramento.

The minimum wage in California is set to raise to $9 per hour on 1 July 2014.  The timing of the first increment is calculated to diminish the felt effect of economic damage until after the 2014 elections.  The minimum wage under the bill rises to $10 per hour 1 January 2016.

The only news stories I am finding as of this writing (26 September 2013, 0740) are the bullshit AP wire feed.  I heard but cannot find in text some audio from the signing ceremony (the first signing ceremony in L.A. -- there will be another one later in Oakland) in which Governor Moonbeam basically said, "Oh yeah, and screw you, California small businesses." 

I remember back in the Clinton years, in response to being asked about the economy-crippling consequences of her proposed health care bill, Hillary Clinton said, "I cannot be responsible for every undercapitalized business in the country."  Basically that is the Democrat party platform.  Screw the job creators.  Because to them, there's no way to turn the graft key on small business.  There's no payback to the party on supply-side economics. 

Minimum wage laws actually hurt low-income workers as a class.  As the minimum wage rises 25%, watch while hours and jobs are cut.  I would be surprised if the first $1 jump does not cost a quarter of a million entry level jobs. 

Just looked again for the off-hand remark at the first signing ceremony.  Can't find.  Well, Governor Moonbeam can't be responsible for every undercapitalized business in California, I guess.

No comments:

Post a Comment

Thanks for taking the time to leave a comment. Please note that it may take a while to turn the handle of the Crowndot moderation mill and spit out your comment.