Saturday, April 02, 2016
California Has Enacted a $15/Hour Minimum Wage, as of 2022: It’ll be the Law, and It’ll be on Paper, which Will Mean…
Excerpted by Nicholas Stix
Steve Sailer writes:
“The California legislature has voted to raise the minimum wage to $15 per hour ($30,000 per year, roughly) by 2022.
“I could see a high minimum wage doing some good, but I could also see it turning into a fiasco.
“Here’s a question that I haven’t seen discussed much. Everybody has an opinion on what the impacts of the law would be assuming it is implemented the way it says in the law it would be implemented; but I’m wondering more what sectors of the California economy will just ignore this new law the way they currently ignore many of the other laws and regulations?”
[Read the whole thing at VDARE.]