“Gov. Jerry Brown says he supports a bill in the Legislature that would boost the California minimum wage next year and in 2016 by a total of $2 an hour, reports LaTi. The bill would raise the current $8-an-hour minimum wage to $9 on July 1, 2014, and to $10 on Jan. 1, 2016. The Governor, displaying a total lack of understanding of basic economics, said: ‘The minimum wage has not kept pace with rising costs. This legislation is overdue and will help families that are struggling in this harsh economy.’ What it will do is cause an increase in unemployment. Prices can’t be regulated, wage prices or otherwise. It is basic supply and demand economics.”
http://www.economicpolicyjournal.com/2013/09/california-governor-calls-for.html
Related posts:
Ukraine’s Economic Blockade Boosts Bitcoin Usage in Separatist East
Cops running out of bullets? Thank the NRA
Synchronized Drone Swarm Takes Flight in Austrian Sky
The Future of Money - Trace Mayer at Inside Bitcoins 2013 Las Vegas
Texas Supreme Court bars sentimental value suits from dog owners
Rampant Injustice in a Tullahoma "Terrorist" Case
TSA Overlooks 95% of Weapons In Security Checkpoint Tests
ObamaTrade: Total Surrender to the NWO
Shocking Tales of 11 of the Most Over the Top US Police Paramilitary Raids
Police are using embedded code in 50,000 apps to influence public sentiment
They Hate Us for Our Freedom
Cities Crackdown on Private Transport
Britain gets its own FBI with new National Crime Agency
The world's first airborne Mexican food delivery system
The Housing Recovery that Never Was Is Over