Statism at its finest.
https://www.forbes.com/sites/chuckd...r-two-years-ago-hows-it-working/#47e8f01c4fa4
....But, California’s minimum wage hike has as much or more to do with powerful government labor unions than it does with the young workers starting out on their first job at minimum wage. This is because a large number of state and local government union contracts are linked to the minimum wage. This is why the California Department of Finance estimated that the minimum wage law would end up costing state government an additional $3.6 billion annually. In addition, the minimum wage law will also ripple into the cost to employ the state’s 300,000 K-12 public school teachers, with the added cost to the beleaguered California taxpayer ranging from $6 to $10 billion.
Thus, California’s $15 minimum wage law will have two big effects: it will greatly increase labor costs in small town and rural California while hitting taxpayers for as much as almost $14 billion a year for public school teachers and other government employees.
https://www.forbes.com/sites/chuckd...r-two-years-ago-hows-it-working/#47e8f01c4fa4
....But, California’s minimum wage hike has as much or more to do with powerful government labor unions than it does with the young workers starting out on their first job at minimum wage. This is because a large number of state and local government union contracts are linked to the minimum wage. This is why the California Department of Finance estimated that the minimum wage law would end up costing state government an additional $3.6 billion annually. In addition, the minimum wage law will also ripple into the cost to employ the state’s 300,000 K-12 public school teachers, with the added cost to the beleaguered California taxpayer ranging from $6 to $10 billion.
Thus, California’s $15 minimum wage law will have two big effects: it will greatly increase labor costs in small town and rural California while hitting taxpayers for as much as almost $14 billion a year for public school teachers and other government employees.
