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Los Angeles Raises Minimum Wage To $15 an Hour
HughPickens.com writes: Jennifer Medina reports at the NY Times that the council of the nation's second-largest city voted by a 14-1 margin to increase its minimum wage to $15 an hour by 2020. Los Angeles and its almost 4 million residents represent one of the biggest victories yet for those pushing wage increases across the country. Proponents hope it will start to reverse the earning gap in the city, where the top 7% of households earn more than the bottom 67%.
Detractors point out the direct cost increase to businesses, which could total as much as a billion dollars per year. If a business can't handle the increased cost, the employees this measure was designed to help will lose their jobs when it folds. An editorial from the LA Times says it's vital for other cities nearby to increase their minimum wage, too, else businesses will gradually migrate to cheaper locations. They add, "While the minimum wage hike will certainly help the lowest-wage workers in the city, it should not be seen as the centerpiece of a meaningful jobs creation strategy. The fact is that far too many jobs in the city are low-wage jobs — some 37% of workers currently earn less than $13.25 an hour, according to the mayor's estimates — and even after the proposed increase, they would still be living on the edge of poverty."
Detractors point out the direct cost increase to businesses, which could total as much as a billion dollars per year. If a business can't handle the increased cost, the employees this measure was designed to help will lose their jobs when it folds. An editorial from the LA Times says it's vital for other cities nearby to increase their minimum wage, too, else businesses will gradually migrate to cheaper locations. They add, "While the minimum wage hike will certainly help the lowest-wage workers in the city, it should not be seen as the centerpiece of a meaningful jobs creation strategy. The fact is that far too many jobs in the city are low-wage jobs — some 37% of workers currently earn less than $13.25 an hour, according to the mayor's estimates — and even after the proposed increase, they would still be living on the edge of poverty."
From the website:
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The only way this could be a more blatant "Conservative" Propaganda site is if they named it Hitler Youth Life
Just wait until businesses start laying off people to cover the cost of the new $15/hr. And follow that up with businesses that leave the LA area to towns that don't have the $15/hr. Or businesses fold up and all employees lose their jobs. Or the businesses leave the state entirely - again employees lose jobs. There goes ALL that tax revenue and now you have even MORE people on "public assistance". People thought that California was bankrupt now - just wait until all this starts happening. They will be PRAYING for a major earthquake to sink the western half of California to get them out of financial trouble. Once California sinks on the $15/hr thing - cities and states will be FLEEING from the idea. So let it ride..... Me, I'm just waiting for businesses to stop offering Health Insurance because of that b@stardization of Health Care called "ObaaaaamaCare".....
The Truth is a Virus!!!
Going to school and learning a skill that actually deserves a high paying salary also helps lift poor people out of poverty. Paying $30k a year for an entry job flipping burgers is not economically feasible for a restaurant nor does it make sense for that type of job. Margins are very close and a raise like this can close it. I hate the socialistic narrative that profit is bad and if a company profits too much it's now the bad guy. A business exists to make a profit for its owner or share holders. The problem with Socialism is that eventually other peoples money run out. In the end wealth redistribution never works. This whole thing is an appeal to morals and since it has to do with money it sure gets emotions involved.
Specks
Batteries not included
For the "Progressive" control-freaks who need to indoctrinate you, it is "All politics, all the time".
They think they are "enlightening" you by pushing their brand of Statist Collectivism until you go full zombie and hand over your hard earned cash and submit to their ever-burgeoning bureaucracy ("for your own good", of course).
Bring back the Tech and banish Soulskill and timothy as propagandists.
Its all left wing social justice warrior shit as well.
I've decided to stop wasting my time responding to AC trolls/sockpuppets... so if you want a response from me... login.
Or you work for an ISP in tech support
One thing that has turned really wrong in the United States is the overuse and abuse of euphemisms
The so-called "tech support" job is actually not much more than the job of a 'telephone receptionist' of yesteryear
Many people like to say that they work in the 'tech sector' because it sounds 'important', but the actual fact is that most of them don't contribute in any way in innovation nor to advance the technological field
A 'telephone receptionist' job is a 'telephone receptionist' job. Calling it a 'tech support' won't change the fact that it belongst to the lowest rung of the tech sector