Why a $15 federal minimum wage is just what California’s economy needs to go into a recession

 

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By Stephen Frank,  California Political News and Views

There are some that really hate people getting a job?  There are folks in the media that believe if you raise wages, and you raise the cost of goods and services this helps everyone.  These people ar called economic illiterates.  One of the most illiterate people writing for a newspaper is the author of this article, Dennis Wyatt.  He thinks it is a good thing to raise wages and prices, to pay for the wage increases.

“Although there are solid arguments against minimum wage hikes based on the fact they do cost jobs and their ultimate impact is erased due to it pushing up the cost of goods and services over the years, if you are a Californian and are against the federal minimum wage hike to $15 an hour, you need to be a tad selfish and embrace it instead.

Let Texas and North Carolina lose a large part of their competitive edge as being places of relatively low cost for living thanks to an act of Congress.

Let’s say a Silicon Valley firm that has 1,000 workers relies on 100 workers that they pay minimum wage. If they were in Texas today, they would be paying a minimum wage of $7.25 an hour. That’s $4.75 less per hour per employee. That comes to $3,800 more a day or $197,760 more a year that you have to pay a minimum wage employee in California than in Texas.

He is calling for CONGRESS to raise the cost of living in Free States, like Texas, so that they feel the pain of the people of California.  He wants to use the Federal government to destroy jobs and opportunities in most of the country, to finance the corruption and socialist policies of States like New York and California.

Related article: Why a $15 federal minimum wage is just what California’s economy needs


Stephen Frank: Is the the publisher and editor of the California Political News and Views.  Mr. Frank speaks all over California and appears as a guest on several radio shows each week. He has also served as a guest host on radio talk shows and is a full time political consultant. http://capoliticalnews.com/

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